This is part one of the Spark Spread Valuation Series. In this video Matt walks through a sum-of-the-parts valuation at a high level. In later videos we will dive more in depth into the details of Matts valuation model.
Disclaimer: This video is for informational and educational purposes only, and is not investment advice! Do your own research.
1:55 - Summary of Valuation by Business Line
4:08 - Pure Automotive Sales Discounted Cash Flow Methodology
4:56 - Gordon Growth Methodology
5:41 - Capital Asset Pricing Model
6:14 - Beta
7:17 - Assumptions
8:18 - Capital Expenditures and Depreciation
8:42 - Corporate Overhead and Tax Impacts
10:14 - Present Value
11:07 - Negative Working Capital ($TSLAQ beware - logic in this link)
Spark Spread provides thoughtful analysis of Tesla's energy business, quarterly financial insights, and much more.