Tesla and SpaceX's Likely Merger, Portfolio Change
During Tesla’s earnings call on Wednesday this week, there was a very interesting discussion on the topic of whether SpaceX and Tesla will eventually be merged.
Topic
TSLA
A collection of 7 issues
Tesla's Terafab Dream
Tesla had their earnings yesterday, but given the company trades at ~226x NTM EV/EBIT multiple, it is bit of a waste of time to spend time dissecting their existing business. Ultimately, Tesla has become a moonshot bet on several projects that currently do not contribute materially to their numbers.
The Fog of AV Economics
Thomas Reiner yesterday wrote a thoughtful piece about a key question about AV ridesharing: what should be the optimal size of AV fleet in a given area? Should it try to cater to peak demand or average demand?
A "Sneaky" Bull Case for Tesla's Operating Performance?
There is perhaps hardly any stock out there which bamboozle most value investors more than Tesla. Given Tesla’s eye-watering multiple, I have seen people often mentioning Mag7 multiples, excluding Tesla.
MBI Daily Dose (July 09, 2025)
Companies or topics mentioned in today's Daily Dose: Constellation Software, AGI timeline, Waymo vs Tesla I listened to an interesting AlphaSense interview of former Head of M&A at Constellation Software (free trial link here). Let me share some bits and pieces that stood out to me.
Forward Cap and MBI Discuss Tesla
One of the joys of writing about publicly listed companies at a very accessible price point is the interaction with other intelligent and curious readers. I routinely learn a lot from these interactions and MBI Deep Dives is a better product because of these interactions.
Tesla: A Bet on Dominance in Potentially Compelling Megatrend(s)
You can listen to the Deep Dive here “…if someone in the year 1900 had to bet on the outcome of the battle between external steam combustion, internal gasoline combustion, and electricity as the future standard for powering cars, they’d have probably put their money on electricity.