Tesla Set To Topple 2 Legacy Auto Giants In Revenue By 2027, Says Analyst: Why Wall Street Estimates For Volume Growth Are 'Way Too Low'
Portfolio Pulse from Shanthi Rexaline
Future Fund's Gary Black predicts that Tesla's revenue will grow by 24% per year between 2023 and 2027, overtaking Ford and General Motors by 2026 and 2027 respectively. He also expects Tesla's 2024 volume growth to be 53%, nearly double the Street's growth estimate of 27%, and 2024 earnings per share of $5.40, well above the consensus of $4.70. Black suggests that Tesla should be valued more like a tech company than an automaker.
August 07, 2023 | 9:02 am
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NEGATIVE IMPACT
Ford's revenue growth is expected to be significantly lower than Tesla's in the coming years.
The analyst's prediction of Tesla's significant revenue growth overtaking Ford could potentially decrease investor interest in Ford and negatively impact its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GM's revenue growth is expected to be significantly lower than Tesla's in the coming years.
The analyst's prediction of Tesla's significant revenue growth overtaking GM could potentially decrease investor interest in GM and negatively impact its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla's revenue is expected to grow significantly, potentially overtaking Ford and GM in the next few years.
The analyst's prediction of Tesla's significant revenue growth and the suggestion that it should be valued more like a tech company could potentially increase investor interest and drive up the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100