I see that @ARKInvest is out with a new $TSLA price target. Haven't gotten into the details yet, but why should we take them seriously when they can't even format a site properly so that words at the end of a line are not cut off?

Did anyone proofread this before they put it out? Cause this is clearly wrong. Pretty sure $TSLA didn't do half a million vehicles in 2019

@TESLAcharts @StanphylCap @Keubiko @passthebeano @StockJabber @montana_skeptic @Paul91701736 @fly4dat

I'm guessing they are trying to say that one year's capex led to the next year's production, but that's not how it is worded...

4. Going to continue this with some fun facts.

Apparently, @ARKInvest didn't know $TSLA reported Q4 2020 earnings yet, as they didn't get the delivery number right...

5. Here, the 2020 ASP times cars sold gets you like half a billion dollars below their revenue number. But for 2025, it's a lot closer. What gives?

6. $TSLA total gross margin figure in 2020 was $6,630m, which comes out to a 21.02%. So how does this exclude credits for the total business?

7. So despite Elon Musk's massive pay package, all those convertible bonds, future stock-based compensation, and a buyback that becomes tiny with a soon to be $4 trillion market cap $TSLA share count will basically be flat from here.

8. Tesla 10-K filing shows $12.269 billion raise from common stock sales. Did @arkinvest forget about the December 2020 raise?

9. I'm done. I can't take this stupidity anymore. If you're gonna put a model out in late March, you could at least get last year's numbers right.

This really isn't worth spending more time on. It's a complete joke, which fits in with what we've seen from @ARKInvest recently.

10. To summarize, if you thought @ARKInvest had any credibility, they lost even more of it here.

@TESLAcharts @StanphylCap @TeslaAgnostic @passthebeano @fly4dat @montana_skeptic @Paul91701736 @Keubiko @zerohedge @QTRResearch @StockJabber @cppinvest

11. How many minutes after 9am on Monday will @jimcramer take to start pumping the laughable Ark Invest model? I say less than 10.

12. Fun fact: You won't find another model as detailed as this for any other Ark Invest holding.

13. Here is the key point regarding @ARKInvest and $TSLA.

@TESLAcharts @StanphylCap @fly4dat @montana_skeptic @Paul91701736 @StockJabber @cppinvest @Keubiko @Benshooter @QTRResearch @zerohedge @passthebeano @DeanSheikh1

14. If a first year equity research associate in charge of proofreading let an analyst's note with so many errors like this get through that everyone mocked the analyst, that associate would probably be fired on the spot.