If Tesla Were Valued Like BMW (Or Toyota)...

02/26/19 10:55AM EST

https://youtu.be/br63SOO_o1w

How good can Tesla really be?

Hedgeye Industrials analyst Jay Van Sciver answers that question in the clip above and maintains that TSLA is richly valued way beyond any other comparable car manufacturer. He explains that if Tesla were valued like some of the world’s biggest car companies, the stock price would plummet.

“If Tesla were valued like BMW, its shares would trade between 10 and 20 bucks. If it were valued like Toyota, it would be less,” Van Sciver explains.

“Those are really good companies. There are issues with Teslas that don’t happen with Toyotas. Does it belong at that valuation?”

Van Sciver does concede that Tesla’s brand is “better” than those two companies right now, but what happens to its valuation when the quality of that brand begins to fade?

Watch the full clip above for more.

If Tesla Were Valued Like BMW (Or Toyota)... - real time alerts

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.