Palantir Is Uncannily Similar To Tesla

Summary

  • Palantir is a fast-growing defense contractor that provides big data analytics platforms to government (and commercial) clients. Tesla is an EV and alternative energy company.
  • Now, Palantir and Tesla are completely different companies, but there are some uncanny similarities between these two retail favorites.
  • Today, I will discuss these similarities and share my thinking around the idea - "Palantir is the next Tesla".
  • Furthermore, we will briefly study Palantir's financials to formulate an updated valuation for the company.
  • I rate Palantir a buy at $23.
  • This idea was discussed in more depth with members of my private investing community, Beating the Market. Learn More »
Palantir Technologies headquarters campus exterior view in Silicon Valley. - Palo Alto, California, USA - 2019
Michael Vi/iStock Editorial via Getty Images

Introduction

Palantir (NYSE:PLTR) went public in 2020 with the reputation of being a somewhat mysterious big data analysis software provider for government agencies and large corporations. As a result, Palantir's direct listing went somewhat under the radar, and investors were able to

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This article was written by

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Prior to joining The Quantamental Investment Group LLC, I served as the Head of Equity Research at LASI's SA Marketplace service - Beating The Market, for two years. In the past, I have worked as an Associate Fellow with Jacmel Growth Partners, a middle-market private equity firm in New York. My resume also includes a stint at Capgemini as a software engineer (I can code). With regards to academia, I hold a Master of Quantitative Finance degree from Rutgers Business School and a Bachelor of Technology degree in Electronics and Communication Engineering, whilst I am also pursuing the CFA certification (Level 2 candidate).


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Disclosure: I/we have a beneficial long position in the shares of PLTR, GOOG, MSFT, AFRM, TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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