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Chowdhry On Tesla: GigaFactory Valued At $50 Billion

Chowdhry On Tesla: GigaFactory Valued At $50 Billion
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Global Equities Research's Trip Chowdhry commented on the increasing size of Tesla Motors Inc (NASDAQ: TSLA)'s Li-on cells (lithium batteries) and how they will increase production efficiency and Energy density. The increase in productivity will occur in Tesla's Nevada Gigafactory, which is subsidized by the state.

Chowdry noted the Nevada subsidies make sense if Tesla generates revenues of $100 Billion in 20 years, which he suggests to use as a data point to value the Nevada factory. Chowdhry valued the GigaFactory at $50 billion.

Furthermore, Tesla believes "in long-term...the split between Cars and Stationary batteries could be 1/2 and 1/2."

Latest Ratings for TSLA

Sep 2017JefferiesInitiates Coverage OnUnderperform
Sep 2017BarclaysMaintainsUnderweight
Sep 2017Deutsche BankMaintainsHold

View More Analyst Ratings for TSLA
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Posted-In: Gigafactory Global Equities Research Trip ChowdryAnalyst Color Analyst Ratings Best of Benzinga


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