Framing the Risk/Reward | Deep Dive, Episode 3

Jonathan Rosenzweig sits down with Itay Michaeli and Joe Osha, two Senior Equity Analysts with different investment views on Tesla, to frame the risk/reward dynamics for the stock, which has enjoyed a meteoric run this year. Like other disruptive innovations, electric vehicles (EV) stand not only to gain a meaningful share of the existing industry, but to expand the total addressable market itself. How many vehicles can Tesla realistically produce over the next few years? What does the stock price reflect today, and what is required for it to continue to outperform? How will competition and adjacent markets evolve? In what ways will the regulatory tone set by the incoming Biden/Harris administration support continued growth in the sector? Itay and Joe endeavor to answer these and other important questions. Filmed on December 23, 2020. Key Learnings: Itay and Joe acknowledge differing views on valuation and the assumptions embedded in the current stock price, but both highlight the long term disruptive potential of EV, the competitive moats that Tesla enjoys, and the vast array of tangential business opportunities that should evolve in the years ahead.