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Chowdhry On Tesla: GigaFactory Valued At $50 Billion

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Chowdhry On Tesla: GigaFactory Valued At $50 Billion

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

DateFirmActionFromTo
Sep 2020BairdMaintainsNeutral
Sep 2020Canaccord GenuityMaintainsHold
Sep 2020Deutsche BankUpgradesHoldBuy

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