STRANGE TIMES

CEO David Trainer says Tesla selling 10.9 million cars in 2030 would imply 42% market share

Which means he expects global auto sales to shrink to 26 million from ~100 million

Trainer could be the most dangerous analyst on Wall Street https://www.cnbc.com/2020/09/06/tesla-could-be-the-most-dangerous-stock-on-wall-street-investment-researcher-says.html">https://www.cnbc.com/2020/09/0...

Here is a more realistic view of the Natural Demand and potential BEV supply for Automobiles globally

And if we allow Tesla 20% Global Market Share, which would be down from 28.2% currently and 22.5% in 2019 . . .

. . . then we could start with a Base Case valuation that looks something like this

- just based on the simple Automobiles Business

Current Market Cap is about $390 billion