baileystock
Introduction & Investment Thesis
When I last wrote about Tesla, Inc. (NASDAQ:TSLA), I reiterated my Buy rating with a price target of $365 per share, representing an upside of 28% at that time.
Despite the stock seeing both
Tesla's Robotaxi: Worth Way More Than Waymo
Summary
- I reiterate my Buy rating on Tesla, Inc. with a $418 price target, reflecting 28% upside as autonomous mobility gains traction.
- Tesla's robotaxi launch in Austin marks a pivotal milestone, with vertical integration enabling faster, cheaper scaling than Waymo and unlocking recurring software revenue.
- Despite short-term delivery and margin pressures, Tesla's operational efficiency and long-term earnings growth potential remain compelling, especially as robotaxi adoption accelerates.
- Current consensus underestimates TSLA stock's rerating potential; expanding operating leverage and software-driven margins justify significant upside as the business model shifts.
Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equity by meeting their growth-oriented goals. In addition, she also started her own award-winning newsletter, The Pragmatic Optimist which focuses on portfolio strategy, valuation, and macroeconomics in concert with her husband Uttam Dey who is also a contributor on Seeking Alpha. Prior to cofounding her fund, Amrita worked for 5 years in high-growth supply-chain start-ups in downtown San Francisco, where she led strategy. During her time in the Bay Area, she also worked with venture capital firms and start-ups, where her efforts led her to grow the user acquisition business. During this time, she was introduced to investment portfolios and was able to maximize returns for clients during the pandemic. The cornerstone of Amritas work rests on democratizing financial literacy for everyone and breaking down financial jargon and complex macroeconomic concepts into formats that are easily digestible but more empowering than the typical investment thesis. Her newsletter has been featured as the Top Newsletter in Finance on popular newsletter platforms and she aims to bring her ideas to Seeking Alpha as well.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of TSLA, GOOG 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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