Please find an excerpt from our Tesla Valuation Model. Feel free to change the relevant variables to battle test both the bearish and the bullish investment cases. We will welcome all questions and constructive criticism and feedback. Read ARK's Blog with further explanation of our assumptions and thoughts on Tesla here https://ark-invest.com/research/tesla-valuation-model
V1 published 5/22/19
V2 published 5/23/19 fixes: 2018 ASP (was previously just Model 3 ASP), slight correction on 2018 sales units, and fix of EBITDA margin formula