The last thing I wanted to bring up on
this Oppenheimer note before getting to your questions – which I think is fascinating
is Wall Street thinks – I don’t know, I may be reading this wrong, so correct me but
they look like they’re 2020 revenue estimates are $25.1 billion up from
$23.9 billion for 2020. They’re expecting $25.1 billion –
that would be like 3 or 5 percent growth from 2019 to 2020. I mean, that is,
this is the guy who has a $600 price target, thinks Tesla’s gonna do $25 billion in 2020 revenue, $29.4 billion in 2021 revenues.
The point is, I just think this is getting started. If the Street is coming
out with a $600 price target and they’re only expecting $25 billion in revenue next year, I mean my estimates that I put out on Hyper
Charts for a video – I actually just toned them down to make them even more
conservative. was like $32.5 billion and that’s more than their
2021 estimate – it’s only $29.4 billion. So my
point is, if you think Tesla is on the cusp of delivering over 500,000 cars this year – which i think is a given. I think it’s about 550,000 cars. We are looking at a massive re-rating
upward from Wall Street and estimates. What does that mean? I mean now this is
the fun part because for so long Wall Street didn’t get it, they didn’t get it.
We were getting sort of the short end of the stick with the
whole Wall Street situation and their short-term thinking but now that’s sort
of flipping and that short-term thinking the way the Wall Street system works is
now going in Tesla’s favor. They have all of these Excel models with all these
fancy numbers predicting how much money Tesla’s gonna make. They move extremely
slow. They’re lagging. They’re slow to react and update these and now we’re in
this, you know, potentially month or quarter long, quarters long process of
every single Wall Street analyst continually, incrementally upgrading
their entire financial model. Every single time they do that there’s a big
new price target jump. There’s a big whole new headline. Tesla stock hits all
new highs. That’s the pattern. That’s been unfolding for a past couple of weeks and
my point is, if you look at these estimates and you look at what Tesla was
about to do, that looks like it could continue significantly into the future.
Because I think to sum up my whole point and rant here if you’re just joining us,
I think Wall Street is hugely under estimating – even some of the biggest
Bulls on Wall Street are just totally under estimating what this company is
gonna do in 2020 and 2021 and I think that is what’s driving the stock here is
looking at continual ratings upward.