Seth Goldstein

1 week ago | morningstar.co.uk | Seth Goldstein

Lower deliveries reduce Tesla’s total addressable market for its ancillary products and services, which include autonomous driving subscription software, charging, and insurance in a select number of US states. The bottom line: For now, we maintain our $250 fair value estimate for narrow-moat Tesla. While we expect second-quarter deliveries will decline, a double-digit drop would put at risk our full-year forecast for Tesla to see only a low-single-digit decline.

1 week ago | morningstar.ca | Seth Goldstein

Lower deliveries reduce Tesla’s total addressable market for its ancillary products and services, which include autonomous driving subscription software, charging, and insurance in a select number of US states. The bottom line: For now, we maintain our USD 250 fair value estimate for narrow-moat Tesla. While we expect second-quarter deliveries will decline, a double-digit drop would put at risk our full-year forecast for Tesla to see only a low-single-digit decline.

3 weeks ago | morningstar.ca | Seth Goldstein

Why it matters: Lithium Argentina is ramping up production at the Cauchari-Olaroz project, its only asset in production. As the first phase ramps up, we expect more variable operating costs and product quality. Over the next couple of years, we expect costs will fall while product quality improves, which will reduce the quality discount to spot pricing and improve unit profits even if lithium prices remain flat.

1 month ago | morningstar.com.au | Seth Goldstein

Key Morningstar metrics for TeslaFair Value Estimate: $250Morningstar Rating: ★★★Morningstar Economic Moat Rating: NarrowMorningstar Uncertainty Rating: Very HighTesla stock updateReuters reported that Tesla plans to delay the launch of its lower-cost vehicle from mid-2025 to between the third quarter and early 2026. The shares were down 4% in April 21 premarket trading. Why it matters: Tesla deliveries fell in 2024 and were down 13% year over year in the first quarter.

1 month ago | morningstar.ca | Seth Goldstein

Why it matters: Tesla deliveries fell in 2024 and were down 13% year over year in the first quarter. In our view, Tesla needs to launch its new affordable vehicle in order to increase deliveries. We think Tesla’s current product lineup is near full market saturation in the luxury auto segment.