TSLA Will Be More Valuable Than Apple, Microsoft, Google “Without Any Doubt”

After releasing a street-high $578 price target on TSLA stock last week, New Street Research analyst Pierre Ferragu joins Rob Maurer to discuss Tesla’s position in the automotive market, TSLA’s stock price, Battery Day, institutional investor sentiment, and more on Tesla. The full hour-long interview is included above, with timestamps below.

Notably, Maurer asked Ferragu if Tesla will ever become the most valuable company in the world. After some consideration, Ferragu responded.

“It’s difficult to say. Alibaba and Amazon have massive leeway in terms of growing their businesses, so when Tesla is at $2T or $3T [in market cap], Amazon and Alibaba could be, actually, larger. But I think the stock will be larger than Apple, larger than Google, larger than Facebook, larger than Microsoft, without any doubt.”

Apple’s valuation currently sits at about $2.2T, more than five times Tesla’s current valuation of $412B. Microsoft is valued at $1.7T, Google at $1.1T, and Facebook at $768B.

Ferragu expects Tesla to be the world’s leading automaker by 2030, with potential to capture better margins than automakers have traditionally achieved.

For more, please see the included video and be sure to follow Tesla Daily on The Street.

Timestamps:

  • 0:00 Intro
  • 1:15 Sell-side analyst process and original price target
  • 4:50 Reseting TSLA framework
  • 9:09 Retail investor perception of analyst price target increases
  • 10:50 Valuing a company
  • 15:30 Tesla will outsell VW by 2030
  • 22:25 Solid state batteries
  • 25:15 Will there be contraction in the auto industry?
  • 28:54 Is China a risk for Tesla long-term?
  • 36:47 What are institutional investors currently thinking?
  • 40:39 Tesla’s autonomous driving position
  • 46:45 Is TSLA the most exciting company to cover?
  • 49:39 S&P 500 inclusion?
  • 50:43 Tesla Energy
  • 55:15 Will Tesla ever be the most valuable company in the world?

Disclosure: Rob Maurer is long TSLA

Wakashio Captain’s ‘Wifi’ Story In Doubt Following New Revelations In Mauritius Oil Spill Case

The Indian Ocean island of Mauritius is still reeling from the devastating oil spill caused by the Panama-flagged, Japanese-owned vessel, The Wakashio. More questions are now being asked about the cause of the incident as the original claims start to unravel.

The first day that the Panama Maritime Authorities landed in Mauritius on September 8, they claimed that the captain had ordered a change of course to “find internet or a telephone signal.” 

While this captured many headlines, most in Mauritius were doubtful about this account, given that internet connectivity was easily available even 12 nautical miles off shore, where most vessels on the busy shipping lanes pass by the island.

Many tourists who travel to Mauritius (around 1 million a year), are able to access the internet many miles offshore on catamarans to share photos of themselves on several of the dolphin and whale watching tours or visits to the outlying islands of Mauritius.

Free, unlimited satellite internet available on ship

Such a story about the ‘search for Wi-Fi’ now appears to be even less credible given a statement from Wakashio operator, Mitsui OSK Lines to Forbes this week, that revealed that all crew on Mitsui OSK Lines (MOL) vessels have access to unlimited, free satellite internet while on board and at sea.

This means there was no need to be searching for any coastal internet connectivity or telephone signals, given this was a MOL-operated vessel.

In a statement to Forbes on October 6, a spokesperson for MOL said “Our fleet has the most