A very bullish presentation from Longboard Asset Management helped Tesla (TSLA +7.4%) rally...


A very bullish presentation from Longboard Asset Management helped Tesla (TSLA +7.4%) rally today. Calling Tesla the auto industry version of Apple (others have made that analogy in some form) due to its brand, management, and disruptive impact (among other things), Longboard predicts shares will hit $100 within 18 months and $200 within 5 years. The firm expects Tesla to grab 80% of the global EV market, praises the company's engineering skill, and expects a heavy short interest (44% of the free float is shorted) to help fuel a rally. (slides) Update: SA commenters report having seen Longboard's presentation earlier. However, it was only today that it received media coverage.

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Comments (25)
  • Cassina Tarsia
    , contributor
    Comments (662) | Send Message
     
    It's about time! Many of the SA articles have been saying the same thing recently ... evidently others are beginning to see it too. Sounds like the shorts are in for a bit of a ride. Now, where did I hear that before?
    29 Apr 2013, 05:34 PM Reply Like
  • Forward Looking Guru
    , contributor
    Comments (99) | Send Message
     
    That presentation was released weeks ago. Note the April 15th date on the first slide. I think the squeeze might have something to do with investors realizing they are about to miss the boat. http://bit.ly/11Rs8WH
    29 Apr 2013, 05:36 PM Reply Like
  • Eric Jhonsa
    , contributor
    Comments (1276) | Send Message
     
    Yes, but it was published online today.
    29 Apr 2013, 05:45 PM Reply Like
  • Forward Looking Guru
    , contributor
    Comments (99) | Send Message
     
    It's possible today was the first time a major website reported on the presentation, but I came across it on a forum about two weeks ago. http://bit.ly/10oiaYA
    29 Apr 2013, 05:55 PM Reply Like
  • bbor55
    , contributor
    Comments (154) | Send Message
     
    I saw it online at least 10 days ago, just fyi
    29 Apr 2013, 05:55 PM Reply Like
  • Eric Jhonsa
    , contributor
    Comments (1276) | Send Message
     
    Thanks for the heads-up. ValueWalk and Business Insider both reported on the presentation today, with ValueWalk saying it was published today.

     

    http://bit.ly/ZMMiCz
    http://read.bi/10ojlr7
    29 Apr 2013, 05:59 PM Reply Like
  • marshgre
    , contributor
    Comments (989) | Send Message
     
    Think it may be time to put some more money in. I was hesitating at the $50 mark but...
    29 Apr 2013, 05:47 PM Reply Like
  • Ocean Man
    , contributor
    Comments (647) | Send Message
     
    I'm pretty sure Apple doesn't have negative earnings.
    29 Apr 2013, 05:52 PM Reply Like
  • Curt Renz
    , contributor
    Comments (264) | Send Message
     
    This is not news. It does not explain today's price rise. The Longboard presentation was posted online no later than April 16 when I brought it to the attention of the Tesla Club message board: http://bit.ly/14JXdQt
    29 Apr 2013, 06:04 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7084) | Send Message
     
    Just a thought:

     

    (TSLA): $6.29 billion market cap
    (GM): $42.07 billion market cap
    (F): $53.58 billion market cap
    (TM): $184.52 billion market cap

     

    I am all for (TSLA), but can it really become half the size of (GM) or (F)?
    29 Apr 2013, 06:49 PM Reply Like
  • Glenn Abrett
    , contributor
    Comments (2067) | Send Message
     
    MB: GM F old slow moving companies without top-draw engineers (are you kidding, what engineer who is in the top 1% would be caught dead at those places?) making the same cars as everyone else and basically the same cars they have been making for 50 years or more.

     

    Tsla, young smart, top engineering talent, brilliant management, incredible business plan -- If they can't dust those two dinosaurs in 5-8 years would be very surprised.

     

    Toyota is another story. But even TM is not nearly as innovative, well-managed or talented as Tesla -- probably take Tesla more than a decade to reel in the best of breed TM.
    29 Apr 2013, 07:56 PM Reply Like
  • Randy Carlson
    , contributor
    Comments (3380) | Send Message
     
    ...can it really become half the size of (GM) or (F)?

     

    That's like someone years back wondering if Apple could ever become even half the size of IBM...
    29 Apr 2013, 08:14 PM Reply Like
  • joenjensen
    , contributor
    Comments (701) | Send Message
     
    Big companies grow slow, but then you knew that didn't ya?
    29 Apr 2013, 08:43 PM Reply Like
  • interzone826
    , contributor
    Comments (185) | Send Message
     
    Glenn, you meant to use the term "top-drawer."
    29 Apr 2013, 11:31 PM Reply Like
  • oldpartsnrust
    , contributor
    Comments (296) | Send Message
     
    Do you think Ford or GM just appeared at the size they are now? Of course Tesla can become half that size, it's just a matter of how long it might take...
    29 Apr 2013, 07:23 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7084) | Send Message
     
    (F) and (GM) have many models. I think (TSLA) has two.
    29 Apr 2013, 11:07 PM Reply Like
  • IncomeYield
    , contributor
    Comments (3707) | Send Message
     
    And, they are starting to get the "cool" factor. People will pay up for that cache and Laws of Thermodynamics be damned. Guys will drive anything to get a date. :)

     

    I think BMW, Mercedes and Porsche get hurt before GM and FORD. Someone better make Tesla an offer they can't refuse. Would not want to be short to see a deal some AM for $100+ a share.

     

    I think Apple should buy them, instead of the share buy back.
    29 Apr 2013, 09:09 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7084) | Send Message
     
    Well, it is rumored that (AAPL) is developing an iCar.
    29 Apr 2013, 11:31 PM Reply Like
  • interzone826
    , contributor
    Comments (185) | Send Message
     
    IncomeYield. No one will pay for that "cache," but they will pay for that "cachet."
    29 Apr 2013, 11:32 PM Reply Like
  • James Peartree
    , contributor
    Comments (140) | Send Message
     
    Really? A car in a walled garden? Sounds like the ride at the old Disneyland park here in Anaheim. I would not mind a ride. but just one as I love to travel.
    24 Feb 2014, 03:18 PM Reply Like
  • wadeyr
    , contributor
    Comments (199) | Send Message
     
    honestly this is not surprising and doesn't bring anything new to the table
    29 Apr 2013, 10:02 PM Reply Like
  • joenjensen
    , contributor
    Comments (701) | Send Message
     
    Where are all the Tesla Nay-Sayers now? Today the stock price took off, and so will the company, but I think they all know that, especially the short sellers, that's why their not here blowing their horns of warning any more, their to busy passing out the crying towels !
    29 Apr 2013, 10:42 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7084) | Send Message
     
    I'm still here, but not a true naysayer. (TSLA) has a future. No doubt about it. I just think it has gotten a little ahead of itself, and I can't see it being a $24 billion company in 4 years.
    29 Apr 2013, 11:33 PM Reply Like
  • CastorTiu
    , contributor
    Comments (229) | Send Message
     
    I bet JP is really happy today, TSLA +7.3% AXPW -13.4%, by his metrics less potential for TSLA and a bigger opportunity for AXPW :)
    29 Apr 2013, 11:22 PM Reply Like
  • SDrookietrader
    , contributor
    Comments (10) | Send Message
     
    I'm thinking of selling when it hit's the height of the squeeze and then buy a bigger position when things calm down a bit!!!
    30 Apr 2013, 12:47 AM Reply Like
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