2 months ago

Tesla Is Still Showing Incredible Growth

Bullish Studio
Bullish Studio
Tesla stock analysis, July 2023.
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Tesla famously doesn’t spend on advertising, so their operating expenses are below 10% of revenue (R&D and SG&A). Despite what might seem like a high valuation, there’s a chance that Tesla does extremely well from here onwards. They are still ramping up manufacturing capacity, which will lead to future growth, their network with 45,000+ superchargers can be used to earn fees from other car manufacturers, the energy generation and storage segment is still in its early phase, and there is a lot of hype and hope around FSD (Full self-driving) capability.

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