Today TSLA is getting an early boost from Adam Jonas of Morgan Stanley — the guy who recently asked Musk the “insightful question” about Tesla creating its own shared mobility platform a la Uber. Jonas dramatically boosted his price target (still not sure what a price target is supposed to mean) based on a belief that Tesla is going to dominate this emerging shared transportation sector.
Jonas is the same analyst who punished TSLA’s share price in December by saying recessed gas prices would erode Tesla’s business. That turned out to be nonsense. And today’s long-shot projection about a Tesla mobility program is equally unworthy of any stock movement. First, it’s a mere guess. Second, it would require Tesla to move from enthusiast vehicles, where it’s embarrassing incumbent rivals, to transport pods, pitting it against Apple and Google. Frankly, GM makes a better punching bag.
Can we please stick to the current context? TeslaMondo wants to see TSLA react to more tangible things, like exciting Tesla products that nobody else can touch, instead of third-party fantasies about an entirely new company angle. Analysts give; analysts take away. Hanging your hat on their wisdom means your hat will eventually hit the floor.
All the more reason to relish Model X. That’s a concrete thing that requires no analysis. It’s not a projection, forecast, estimation, calculation. Either it kicks ass or it doesn’t. And, since the NHTSA is still insisting on side mirrors instead of cameras, you can hang your hat on Model X.