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|date=November 11, 2014
|date=November 11, 2014
|access-date=October 3, 2018 |website=Business Insider}}</ref><ref>{{cite web |title=Tesla Energy Generation And Storage Business: Q4 2020 Results |url=https://insideevs.com/news/482496/tesla-energy-generation-storage-q4-2020-results/ | date=January 27, 2021}}</ref><ref>{{cite web |title=Elon Musk |url=https://www.forbes.com/profile/elon-musk/ |website=[[Forbes]]}}</ref><ref>{{cite web | url=https://www.sec.gov/Archives/edgar/data/1318605/000156459021044307/tsla-pre14a_20210813.htm | title=Schedule 14A Information  | publisher=[[U.S. Securities and Exchange Commission]]}}</ref><ref name="10K_2022">{{cite web |title=Annual report Form 10-K 2022 Tesla Inc. |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000095017023001409/tsla-20221231.htm |date=January 31, 2023 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
|access-date=October 3, 2018 |website=Business Insider}}</ref><ref>{{cite web |title=Tesla Energy Generation And Storage Business: Q4 2020 Results |url=https://insideevs.com/news/482496/tesla-energy-generation-storage-q4-2020-results/ | date=January 27, 2021}}</ref><ref>{{cite web |title=Elon Musk |url=https://www.forbes.com/profile/elon-musk/ |website=[[Forbes]]}}</ref><ref>{{cite web | url=https://www.sec.gov/Archives/edgar/data/1318605/000156459021044307/tsla-pre14a_20210813.htm | title=Schedule 14A Information  | publisher=[[U.S. Securities and Exchange Commission]]}}</ref><ref name="10K_2022">{{cite web |title=Annual report Form 10-K 2022 Tesla Inc. |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000095017023001409/tsla-20221231.htm |date=January 31, 2023 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}Energy production and consumption are responsible for 76% of annual human-caused greenhouse gas emissions<ref name=":1" /><ref name=":2" />, and Tesla is on a mission to accelerate the world's transition to sustainable energy.<ref name=":3">https://www.tesla.com/about</ref>
}}Tesla is on a mission to accelerate the world's transition to sustainable energy.<ref name=":3">https://www.tesla.com/about</ref>


The company sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Tesla emphasises performance, attractive styling and the safety of its users in the design and manufacture of its products and is continuing to develop full self-driving technology for improved safety. The company also strives to lower the cost of ownership for its customers through continuous efforts to reduce manufacturing costs and by offering financial and other services tailored to its products.<ref name=":4">https://www.sec.gov/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm</ref>
The company sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Tesla emphasises performance, attractive styling and the safety of its users in the design and manufacture of its products and is continuing to develop full self-driving technology for improved safety. The company also strives to lower the cost of ownership for its customers through continuous efforts to reduce manufacturing costs and by offering financial and other services tailored to its products.<ref name=":4">https://www.sec.gov/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm</ref>
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Assuming that Tesla increases its share of the automotive market to 10% (from 2%) and other assumptions, the expected return of an investment in the company over the next five years is negative 24%, which equates to an annual return of negative 4%. In other words, an £100,000 investment in the company is expected to return £76,000 in five years time.
Assuming that Tesla increases its share of the automotive market to 10% (from 2%) and other assumptions, the expected return of an investment in the company over the next five years is negative 24%, which equates to an annual return of negative 4%. In other words, an £100,000 investment in the company is expected to return £76,000 in five years time.


The degree of risk associated with an investment in Tesla is 'high', with the shares having a beta that is 112% above the market (2.12 vs. 1). Furthermore, Tesla's shares exhibit a 'high' level of liquidity, as evidenced by its bid-ask margin of 0.0297%.
The degree of risk associated with an investment in Tesla is 'high', with the shares having a beta that is 112% above the market (2.12 vs. 1).
 
Accordingly, based on the assumptions provided on the Stockhub platform,  an investment in the company is considered to be a 'suitable' one for you if, among other criteria, your required:
* Return level is negative 4% per year or less in absolute terms;
* Risk level is 112% or more above the market risk level;
* Time horizon is five years or longer;
* Bid-ask margin is 0.0297% or more; and/or
* Objective is to help accelerate the world's transition to sustainable energy.
 
'''Fun fact:''' Tesla, Inc. was named after inventor Nikola Tesla and was founded in 2003 by Martin Eberhard and Marc Tarpenning, not Elon Musk, who joined later as an investor and chairman.


==Operations==
==Operations==
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The idea of the company came about when the now founding team of the company realised that the current way that humankind is meeting its energy needs is unsustainable and bad for the planet.<ref name=":9">https://www.tesla.com/en_GB/blog/secret-tesla-motors-master-plan-just-between-you-and-me</ref>  
The idea of the company came about when the now founding team of the company realised that the current way that humankind is meeting its energy needs is unsustainable and bad for the planet.<ref name=":9">https://www.tesla.com/en_GB/blog/secret-tesla-motors-master-plan-just-between-you-and-me</ref>  


Currently, an estimated 85% of the world's energy needs are met by burning fossil fuels<ref>https://wedocs.unep.org/bitstream/handle/20.500.11822/30797/EGR2019.pdf?sequence=1&isAllowed=y</ref>, and energy production and consumption are responsible for 76% of annual human-caused greenhouse gas emissions.<ref name=":1">https://www.climatewatchdata.org/ghg-emissions?breakBy=sector&chartType=percentage&end_year=2018&sectors=total-including-lucf&start_year=1990</ref><ref name=":2">https://www.wri.org/insights/4-charts-explain-greenhouse-gas-emissions-countries-and-sectors</ref>
Currently, an estimated 85% of the world's energy needs are met by burning fossil fuels<ref>https://wedocs.unep.org/bitstream/handle/20.500.11822/30797/EGR2019.pdf?sequence=1&isAllowed=y</ref>, and energy production and consumption are responsible for 76% of annual human-caused greenhouse gas emissions.<ref>https://www.climatewatchdata.org/ghg-emissions?breakBy=sector&chartType=percentage&end_year=2018&sectors=total-including-lucf&start_year=1990</ref><ref>https://www.wri.org/insights/4-charts-explain-greenhouse-gas-emissions-countries-and-sectors</ref>


Researching into a better way to meet the energy needs, the team concluded that the best way to do so is to move to a solar electric economy, from a mine-and-burn hydrocarbon economy.<ref name=":9" />
Researching into a better way to meet the energy needs, the team concluded that the best way to do so is to move to a solar electric economy, from a mine-and-burn hydrocarbon economy.<ref name=":9" />
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[[File:Elon Musk Royal Society (crop2).jpg|200px]]
[[File:Elon Musk Royal Society (crop2).jpg|200px]]


The Chief Executive Officer of Tesla is {{#property:P169|from=Q478214}} and he has served the position since October 2008 and as a member of the Board since April 2004. Elon has also served as Chief Executive Officer, Chief Technology Officer and Chairman of Space Exploration Technologies Corporation, an advanced rocket and spacecraft manufacturing and services company (“SpaceX ”), since May 2002, and served as Chairman of the Board of SolarCity Corporation, a solar installation company, from July 2006 until its acquisition by Tesla in November 2016. Elon is also a founder of The Boring Company, an infrastructure company, and of Neuralink Corp., a company focused on developing brain-machine interfaces. Prior to SpaceX, Elon co-founded PayPal, an electronic payment system, which was acquired by eBay in October 2002, and Zip2 Corporation, a provider of Internet enterprise software and services, which was acquired by Compaq in March 1999. Elon has also served on the board of directors of Endeavor Group Holdings, Inc. since April 2021. Elon holds a B.A. in physics from the University of Pennsylvania and a B.S. in business from the Wharton School of the University of Pennsylvania.
Elon Musk is the Chief Executive Officer of Tesla and has served the position since October 2008 and as a member of the Board since April 2004. Elon has also served as Chief Executive Officer, Chief Technology Officer and Chairman of Space Exploration Technologies Corporation, an advanced rocket and spacecraft manufacturing and services company (“SpaceX ”), since May 2002, and served as Chairman of the Board of SolarCity Corporation, a solar installation company, from July 2006 until its acquisition by Tesla in November 2016. Elon is also a founder of The Boring Company, an infrastructure company, and of Neuralink Corp., a company focused on developing brain-machine interfaces. Prior to SpaceX, Elon co-founded PayPal, an electronic payment system, which was acquired by eBay in October 2002, and Zip2 Corporation, a provider of Internet enterprise software and services, which was acquired by Compaq in March 1999. Elon has also served on the board of directors of Endeavor Group Holdings, Inc. since April 2021. Elon holds a B.A. in physics from the University of Pennsylvania and a B.S. in business from the Wharton School of the University of Pennsylvania.


====Chief Financial Officer====
====Chief Financial Officer====
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==== All periods ====
==== All periods ====
{| class="wikitable"
{| class="wikitable"
|+Financials<ref>Source: Stockhub Limited</ref><ref group="Note" name="Note04" /><ref>Source: Stockhub Limited</ref><ref name="Note04" group="Note" />
|+Historic financials<ref>Source: Stockhub Limited</ref><ref group="Note" name="Note04" />
|-
|-
!Year  
!Year  
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!'''17'''
!'''17'''
!18
!18
!18
!19
!20
!21
!22
!23
!24
!25
!26
!27
!28
!29
!30
!31
!32
!33
!34
!35
!36
!37
!38
!39
!40
!41
!42
!43
!44
!45
!46
!47
!48
!49
!50
!51
!52
!53
!54
!55
!56
!57
!58
!59
|-
|-
|'''Year end date'''||'''31/12/2005'''||'''31/12/2006<ref name=":12">{{cite web|url=https://www.mercurynews.com/2014/07/14/2006-san-carlos-start-up-tesla-seeks-sexier-electric-car/|title=2006: San Carlos start-up Tesla seeks sexier electric car|date=July 14, 2014}}</ref><ref name="SEC">{{cite web | url=https://www.sec.gov/edgar/browse/?CIK=1318605 | title=Tesla, Inc. TSLA on Nasdaq | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>'''||'''31/12/2007'''||'''31/12/2008'''||'''31/12/2009'''
|'''Year end date'''||'''31/12/2005'''||'''31/12/2006<ref name=":12">{{cite web|url=https://www.mercurynews.com/2014/07/14/2006-san-carlos-start-up-tesla-seeks-sexier-electric-car/|title=2006: San Carlos start-up Tesla seeks sexier electric car|date=July 14, 2014}}</ref><ref name="SEC">{{cite web | url=https://www.sec.gov/edgar/browse/?CIK=1318605 | title=Tesla, Inc. TSLA on Nasdaq | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>'''||'''31/12/2007'''||'''31/12/2008'''||'''31/12/2009'''
|'''31/12/2010<ref name="SEC" />'''
|'''31/12/2010<ref name="SEC" />'''
|'''31/12/2011<ref name="SEC" />'''
|'''31/12/2011<ref name="SEC" />'''
|'''31/12/2012<ref name="SEC" />'''
|'''31/12/2012<ref name="SEC" />'''
|'''31/12/2013<ref name="SEC" />'''
|'''31/12/2013<ref name="SEC" />'''
|'''31/12/2014<ref name="SEC" />'''
|'''31/12/2014<ref name="SEC" />'''
|'''31/12/2015<ref name="SEC" />'''
|'''31/12/2015<ref name="SEC" />'''
|'''31/12/2016<ref name="SEC" />'''
|'''31/12/2016<ref name="SEC" />'''
|'''31/12/2017<ref name="SEC" />'''
|'''31/12/2017<ref name="SEC" />'''
|'''31/12/2018<ref name="SEC" />'''
|'''31/12/2018<ref name="SEC" />'''
|'''31/12/2019<ref name="SEC" />'''
|'''31/12/2019<ref name="SEC" />'''
|'''31/12/2020<ref name="SEC" />'''
|'''31/12/2020<ref name="SEC" />'''
|'''31/12/2021<ref name="SEC" />'''
|'''31/12/2021<ref name="SEC" />'''
|'''31/12/2022'''
|'''31/12/2022'''
|'''31/12/2022'''
|-
|'''31/12/2023'''
| colspan="18" |<div style="text-align: center;">'''Income statement'''</div>
|'''31/12/2024'''
|
|'''31/12/2025'''
|-
|'''31/12/2026'''
|Revenues ($'million)|| 0||0||0.073||15||112
|'''31/12/2027'''
|117
|'''31/12/2028'''
|204
|'''31/12/2029'''
|413
|'''31/12/2030'''
|2,013
|'''31/12/2031'''
|3,198
|'''31/12/2032'''
|4,046
|'''31/12/2033'''
|7,000
|'''31/12/2034'''
|11,759
|'''31/12/2035'''
|21,461
|'''31/12/2036'''
|24,578
|'''31/12/2037'''
|31,536
|'''31/12/2038'''
|53,823
|'''31/12/2039'''
|81,462
|'''31/12/2040'''
|-
|'''31/12/2041'''
|Net profits ($'million)||style="color: red;" |-12||style="color: red;" |-30||style="color: red;" |-78||style="color: red;" |-83|| style="color: red;" |−56
|'''31/12/2042'''
|style="color: red;" |−154
|'''31/12/2043'''
|style="color: red;" |−254
|'''31/12/2044'''
|style="color: red;" |−396
|'''31/12/2045'''
|style="color: red;" |−74
|'''31/12/2046'''
|style="color: red;" |−294
|'''31/12/2047'''
|style="color: red;" |−889
|'''31/12/2048'''
|style="color: red;" |−675
|'''31/12/2049'''
|style="color: red;" |−1,962
|'''31/12/2050'''
|style="color: red;" |−976
|'''31/12/2051'''
|style="color: red;" |−862
|'''31/12/2052'''
|721
|'''31/12/2053'''
|5,519
|'''31/12/2054'''
|12,556
|'''31/12/2055'''
|-
|'''31/12/2056'''
| colspan="18" |<div style="text-align: center;">'''Balance sheet'''</div>
|'''31/12/2057'''
|
|'''31/12/2058'''
|-
|'''31/12/2059'''
|Total assets<br />($'million)
|'''31/12/2060'''
|8
|'''31/12/2061'''
|44
|'''31/12/2062'''
|34
|'''31/12/2063'''
|52
|130
|386
|713
|1,114
|2,417
|5,831
|8,068
|22,664
|28,655
|29,740
|34,309
|52,148
|62,131
|82,338
|-
|-
|
| colspan="18" |<div style="text-align: center;">'''Other'''</div>
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Historic'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|'''Forecast'''
|
|
|-
|-
| colspan="61" |<div style="text-align: center;">'''Income statement'''</div>
|Employees
|-
|NA
|Revenues ($'million)|| 0||0||0.073||15||112
|70
|117
|268
|204
|252
|413
|514
|2,013
|899
|3,198
|1,417
|4,046
|2,914
|7,000
|5,859
|11,759
|10,161
|21,461
|13,058
|24,578
|17,782
|31,536
|37,543
|53,823
|48,817
|81,462
|48,016
|$78,935
|70,757
|$112,257
|99,290
|$154,816
|127,855
|$207,049
|}
|$268,527
 
|$337,721
=== Forward ===
|$411,894
 
|$487,157
====What are the financial forecasts?====
|$558,739
{| class="wikitable"
|$621,448
|+Forward financials<ref>Source: Stockhub Limited</ref><ref group="Note" name="Note04" />
|$670,282
|-
|$701,078
!Year
|$711,102
!18 !!19!!20!!21!!22
|$699,445
!23
|$667,163
!24
|$617,116
!25
|$553,551
!26
|$481,510
!27
|$406,171
!28
|$332,253
!29
|$263,564
!30
|$202,749
!31
|$151,247
!32
|$109,414
!33
|$76,757
!34
|$52,217
!35
|$34,448
!36
|$22,038
!37
|$13,673
!38
|$8,226
!39
|$4,799
!40
|$2,715
!41
|$1,490
!42
|$793
!43
|$409
!44
|$205
!45
|$99
!46
|$47
!47
|$21
!48
|$9
!49
|$4
!50
|$2
!51
!52
!53
!54
!55
!56
!57
!58
!59
|-
|-
|Gross profits ($'million)
|'''Year end date'''||'''31/12/2022'''||'''31/12/2023'''||'''31/12/2024'''||'''31/12/2025'''||'''31/12/2026'''
|
|'''31/12/2027'''
|
|'''31/12/2028'''
|
|'''31/12/2029'''
|
|'''31/12/2030'''
|
|'''31/12/2031'''
|
|'''31/12/2032'''
|
|'''31/12/2033'''
|
|'''31/12/2034'''
|
|'''31/12/2035'''
|
|'''31/12/2036'''
|
|'''31/12/2037'''
|
|'''31/12/2038'''
|
|'''31/12/2039'''
|
|'''31/12/2040'''
|
|'''31/12/2041'''
|
|'''31/12/2042'''
|
|'''31/12/2043'''
|
|'''31/12/2044'''
|$23,680
|'''31/12/2045'''
|$33,677
|'''31/12/2046'''
|$46,445
|'''31/12/2047'''
|$62,115
|'''31/12/2048'''
|$80,558
|'''31/12/2049'''
|$101,316
|'''31/12/2050'''
|$185,352
|'''31/12/2051'''
|$219,221
|'''31/12/2052'''
|$251,432
|'''31/12/2053'''
|$279,652
|'''31/12/2054'''
|$301,627
|'''31/12/2055'''
|$315,485
|'''31/12/2056'''
|$319,996
|'''31/12/2057'''
|$314,750
|'''31/12/2058'''
|$300,223
|'''31/12/2059'''
|$277,702
|'''31/12/2060'''
|$249,098
|'''31/12/2061'''
|$216,679
|'''31/12/2062'''
|$182,777
|'''31/12/2063'''
|$149,514
|-
|$118,604
| colspan="43" |<div style="text-align: center;">'''Income statement'''</div>
|$91,237
|$68,061
|$49,236
|$34,541
|$23,498
|$15,502
|$9,917
|$6,153
|$3,702
|$2,160
|$1,222
|$670
|$357
|$184
|$92
|$45
|$21
|$10
|$4
|$2
|$1
|-
|-
|Operating profits ($'million)
|Revenues ($'million)|| $78,935||$112,257||$154,816||$207,049||$268,527
|
|$337,721
|
|$411,894
|
|$487,157
|
|$558,739
|
|$621,448
|
|$670,282
|
|$701,078
|
|$711,102
|
|$699,445
|
|$667,163
|
|$617,116
|
|$553,551
|
|$481,510
|
|$406,171
|
|$332,253
|
|$263,564
|
|$202,749
|
|$151,247
|$11,840
|$109,414
|$16,839
|$76,757
|$23,222
|$52,217
|$31,057
|$34,448
|$40,279
|$22,038
|$50,658
|$13,673
|$123,568
|$8,226
|$146,147
|$4,799
|$167,622
|$2,715
|$186,434
|$1,490
|$201,085
|$793
|$210,323
|$409
|$213,331
|$205
|$209,834
|$99
|$200,149
|$47
|$185,135
|$21
|$166,065
|$9
|$144,453
|$4
|$121,851
|$2
|$99,676
|$79,069
|$60,825
|$45,374
|$32,824
|$23,027
|$15,665
|$10,335
|$6,612
|$4,102
|$2,468
|$1,440
|$815
|$447
|$238
|$123
|$61
|$30
|$14
|$6
|$3
|$1
|$1
|-
|-
|Net profits ($'million)|| style="color: red;" |-12|| style="color: red;" |-30|| style="color: red;" |-78|| style="color: red;" |-83|| style="color: red;" |−56
|Gross profits ($'million)||$23,680||$33,677||$46,445||$62,115||$80,558
| style="color: red;" |−154
|$101,316
| style="color: red;" |−254
|$185,352
| style="color: red;" |−396
|$219,221
| style="color: red;" |−74
|$251,432
| style="color: red;" |−294
|$279,652
| style="color: red;" |−889
|$301,627
| style="color: red;" |−675
|$315,485
| style="color: red;" |−1,962
|$319,996
| style="color: red;" |−976
|$314,750
| style="color: red;" |−862
|$300,223
|721
|$277,702
|5,519
|$249,098
|12,556
|$216,679
|$9,354
|$182,777
|$13,302
|$149,514
|$18,346
|$118,604
|$24,535
|$91,237
|$31,820
|$68,061
|$40,020
|$49,236
|$97,619
|$34,541
|$115,456
|$23,498
|$132,421
|$15,502
|$147,283
|$9,917
|$158,857
|$6,153
|$166,156
|$3,702
|$168,531
|$2,160
|$165,769
|$1,222
|$158,118
|$670
|$146,256
|$357
|$131,192
|$184
|$114,118
|$92
|$96,263
|$45
|$78,744
|$21
|$62,465
|$10
|$48,052
|$4
|$35,846
|$25,931
|$18,191
|$12,376
|$8,164
|$5,223
|$3,240
|$1,949
|$1,137
|$643
|$353
|$188
|$97
|$48
|$24
|$11
|$5
|$2
|$2
|$1
|$1
|$0
|-
|-
| colspan="61" |<div style="text-align: center;">'''Balance sheet'''</div>
|Operating profits ($'million)||$11,840||$16,839||$23,222||$31,057||$40,279
|-
|$50,658
|Total assets<br />($'million)
|$123,568
|8
|$146,147
|44
|$167,622
|34
|$186,434
|52
|$201,085
|130
|$210,323
|386
|$213,331
|713
|$209,834
|1,114
|$200,149
|2,417
|$185,135
|5,831
|$166,065
|8,068
|$144,453
|22,664
|$121,851
|28,655
|$99,676
|29,740
|$79,069
|34,309
|$60,825
|52,148
|$45,374
|62,131
|$32,824
|82,338
|$23,027
|
|$15,665
|
|$10,335
|
|$6,612
|
|$4,102
|
|$2,468
|
|$1,440
|
|$815
|
|$447
|
|$238
|
|$123
|
|$61
|
|$30
|
|$14
|
|$6
|
|$3
|
|$1
|
|$1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|-
|-
| colspan="61" |<div style="text-align: center;">'''Other'''</div>
|Net profits ($'million)||$9,354||$13,302||$18,346||$24,535|| $31,820
|-
|$40,020
|Employees
|$97,619
|NA
|$115,456
|70
|$132,421
|268
|$147,283
|252
|$158,857
|514
|$166,156
|899
|$168,531
|1,417
|$165,769
|2,914
|$158,118
|5,859
|$146,256
|10,161
|$131,192
|13,058
|$114,118
|17,782
|$96,263
|37,543
|$78,744
|48,817
|$62,465
|48,016
|$48,052
|70,757
|$35,846
|99,290
|$25,931
|127,855
|$18,191
|
|$12,376
|
|$8,164
|
|$5,223
|
|$3,240
|
|$1,949
|
|$1,137
|
|$643
|
|$353
|
|$188
|
|$97
|
|$48
|
|$24
|
|$11
|
|$5
|
|$2
|
|$1
|
|$0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|}
|}


=== What are the assumptions used to estimate the financial forecasts? ===
==== What are the assumptions used to estimate the financial forecasts?====


{| class="wikitable"
{| class="wikitable"
Line 1,316: Line 1,116:
==Risks==
==Risks==


As with any investment, investing in Tesla carries a level of risk. Overall, based on the Tesla's adjusted beta (i.e. 2.12), the degree of risk associated with an investment in Tesla is 'high'.
As with any investment, investing in Tesla carries a level of risk. Overall, based on the key risks highlighted below, the degree of risk associated with an investment in Tesla is high.
 
Here, to estimate the adjusted beta, we used the iShares MSCI World ETF to represent the market portfolio; and in terms of the time period and frequency of observations, we used five years of monthly data (i.e. 60 observations in total), which is supported by a study and is the most common choice. The beta value in a future period has been found to be on average closer to the mean value of 1.0, and because valuation is forward-looking, it is logical to adjust the raw beta so it more accurately predicts a future beta. In addition, here, we have assumed that for an investment to be considered 'high' risk, it must have a beta value of 1.5 or more. Further information about the beta ratings can be found in the appendix section of this report.
 
The key risks can be found below. For us, currently, the biggest risk to the valuation of the company relates to the strong competition for its products and services from a growing list of established and new competitors (i.e. competition risk).


===Risks related to the ability to grow the business===  
===Risks related to the ability to grow the business===  
Line 2,673: Line 2,469:
|Agriculture, Forestry and Land Use
|Agriculture, Forestry and Land Use
|}
|}
=== Liquidity ===
Our assessment reveals that Tesla's shares exhibit a high level of liquidity, as evidenced by its bid-ask margin of 0.0297%. To gauge the bid-ask margin, we divided the ask-bid spread by the ask price. Our criterion for classifying an investment as 'highly' liquid is a bid-ask margin of 1% or less. For more details on liquidity ratings, please refer to the appendix section of this report.
Furthermore, the average daily trading volume of Tesla, Inc. shares is 132,160,233 for 30 days and 127,970,670 for 90 days, which, based on the current share price (i.e. $168.29), equates to a share value of $22.24 billion and $21.54 billion.
{| class="wikitable"
|+Tesla bid-ask margin
!Metric
!Amount
|-
|Bid price (USD)
|168.24
|-
|Ask price (USD)
|168.29
|-
|Spread (USD)
|0.05
|-
|Margin (%)
|0.0297
|}
{| class="wikitable"
|+Average Tesla shares trade volume
!Days
!Average shares volume
|-
|30 days
|   132,160,233
|-
|90 days
|  127,970,670
|}
{| class="wikitable"
|+Tesla shares trade volume over the last 90 days
!Date
!Volume
|-
|28/04/2023
|        122,515,800
|-
|01/05/2023
|        109,015,000
|-
|02/05/2023
|        128,259,700
|-
|03/05/2023
|        119,728,000
|-
|04/05/2023
|          95,108,500
|-
|05/05/2023
|        107,440,900
|-
|08/05/2023
|        112,249,400
|-
|09/05/2023
|          88,965,000
|-
|10/05/2023
|        119,840,700
|-
|11/05/2023
|        103,889,900
|-
|12/05/2023
|        157,577,100
|-
|15/05/2023
|        105,592,500
|-
|16/05/2023
|          98,288,800
|-
|17/05/2023
|        125,473,600
|-
|18/05/2023
|        109,520,300
|-
|19/05/2023
|        136,024,200
|-
|22/05/2023
|        132,001,400
|-
|23/05/2023
|        156,952,100
|-
|24/05/2023
|        137,605,100
|-
|25/05/2023
|          96,870,700
|-
|26/05/2023
|        162,061,500
|-
|30/05/2023
|        128,818,700
|-
|31/05/2023
|        150,711,700
|-
|01/06/2023
|        148,029,900
|-
|02/06/2023
|        164,129,000
|-
|05/06/2023
|        151,143,100
|-
|06/06/2023
|        146,911,600
|-
|07/06/2023
|        185,710,800
|-
|08/06/2023
|        164,489,700
|-
|09/06/2023
|        199,882,300
|-
|12/06/2023
|        150,337,900
|-
|13/06/2023
|        162,384,300
|-
|14/06/2023
|        170,575,500
|-
|15/06/2023
|        160,171,200
|-
|16/06/2023
|        167,563,700
|-
|20/06/2023
|        165,611,200
|-
|21/06/2023
|        211,797,100
|-
|22/06/2023
|        166,875,900
|-
|23/06/2023
|        176,584,100
|-
|26/06/2023
|        179,990,600
|-
|27/06/2023
|        164,968,200
|-
|28/06/2023
|        159,770,800
|-
|29/06/2023
|        131,283,400
|-
|30/06/2023
|        112,267,600
|-
|03/07/2023
|        119,685,900
|-
|05/07/2023
|        131,530,900
|-
|06/07/2023
|        120,332,100
|-
|07/07/2023
|        113,602,000
|-
|10/07/2023
|        119,425,400
|-
|11/07/2023
|          91,972,400
|-
|12/07/2023
|          95,672,100
|-
|13/07/2023
|        112,681,500
|-
|14/07/2023
|        119,771,100
|-
|17/07/2023
|        131,569,600
|-
|18/07/2023
|        112,434,700
|-
|19/07/2023
|        142,355,400
|-
|20/07/2023
|        175,158,300
|-
|21/07/2023
|        161,050,100
|-
|24/07/2023
|        136,508,500
|-
|25/07/2023
|        112,757,300
|-
|26/07/2023
|          95,856,200
|-
|27/07/2023
|        103,697,300
|-
|28/07/2023
|        111,446,000
|-
|31/07/2023
|          84,582,200
|-
|01/08/2023
|          83,166,000
|-
|02/08/2023
|        101,752,900
|-
|03/08/2023
|          97,569,100
|-
|04/08/2023
|          99,242,600
|-
|07/08/2023
|        111,097,900
|-
|08/08/2023
|          96,642,200
|-
|09/08/2023
|        101,596,300
|-
|10/08/2023
|        109,498,600
|-
|11/08/2023
|          98,866,600
|-
|14/08/2023
|          98,595,300
|-
|15/08/2023
|          88,197,600
|-
|16/08/2023
|        112,484,500
|-
|17/08/2023
|        120,718,400
|-
|18/08/2023
|        135,813,700
|-
|21/08/2023
|        135,702,700
|-
|22/08/2023
|        130,597,900
|-
|23/08/2023
|        101,077,600
|-
|24/08/2023
|          99,777,400
|-
|25/08/2023
|        106,612,200
|-
|28/08/2023
|        107,673,700
|-
|29/08/2023
|        134,047,600
|-
|30/08/2023
|        121,988,400
|-
|31/08/2023
|        108,861,700
|-
|01/09/2023
|        132,272,500
|-
|05/09/2023
|        129,469,600
|-
|06/09/2023
|        116,959,800
|}


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