Tesla Q4 2022 ER Digest
Upfront - not a TLSA short, and wish Musk all success in his mission. Your statements re cash and LT debt, however, are highly misleading. The cash + ST Investments are more than offset by short term liabilities. You could argue that ST Assets > ST liabilities, which is fair if you assume the business keeps churning through its WC cycle, but from a pure BS analysis perspective, one should haircut the inventory component quite heavily.
Anyway - not implying you're trying to mislead, but I think in particular in the case of an ethically impaired leader as is the case here (most recent example: sign contract, then thinks he can just say 'nah, changed my mind'), it behoves any honest analyst to be conservative and ultra-specific with statements, lest you just become part of the touts for whom everything Elon does is great and every criticism is sacrilege.
Hi Antonio, thanks for sharing!
Do you think consensus analysts are wrong projecting next 5yrs growth CAGR at 25%?