May 25, 2021
Pierre Ferragu of New Street Research joins Rob Maurer on Tesla Daily to discuss Tesla's return on investment, operating leverage, competitive positioning, delivery outlook, supply chains, cryptocurrency, and more.
0:00 Introduction
0:59 Understanding Tesla's profitability
5:07 The right to make money
7:54 New Street's TSLA note - cash return
16:34 Operating margin outlook
21:00 Tesla vs. TSMC
27:11 Tesla vs. BMW / Daimler
29:41 Tesla's structural advantages
36:27 Does this increase Pierre's bullishness?
38:34 Accelerating growth
43:43 Pierre's new Model Y
45:21 Reaction to Tesla/Musk's involvement in cryptocurrency
52:09 What concerns are you hearing?
53:01 2021 delivery expectations
You can find Pierre on Twitter @p_ferragu
New Street Research: https://www.newstreetresearch.com
Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
Tesla Referral: https://ts.la/robert47283
Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Executive producer Jessie Chimney
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives