Key investment points

Tesla releases the Model 3 roughly on schedule: alleviates investor concerns that Tesla
cant deliver on its promises
Improved range at an affordable price: 220 miles of range for $35K, whereas the Model
S had 259 miles of range at a base price of $69.5k ; first in the market to bring out this
type of model
Battery technology: For an additional $9k, customers can get 310 miles of range (90
more miles)
Gigafactory battery production is proceeding on schedule to support Model 3
launch
Partnership with Panasonic (beginning with $10M investment in 2000) provides
more battery supply
Improvements in automation: Goal of automation within next few years, prospects look
good as the Model 3 was released on time
Note of caution: Investors will have to watch regulatory landscape
Growing consumer base: In survey of 145 Tesla owners conducted by Jeffries, 70% had
moved to Tesla from cars that cost less than $60k -- happy to pay about 60% more for
Teslas technologies
Transition towards affordability and accessibility: Model S launched around $100k,
Model 3 launches around $35k

Market data (06/30/2017)

52 Week Range: 178.19 - 367.66
Total Enterprise Value: 37.456B
Market Cap: $59.72B
Shares Out: 164.26M
Float: 118.99M
Avg Daily Volume: 8.09M

Peer group data

EV/EBIDTA (pulled from 4-traders)
Apple: 8.64x
Google: 13.4x
Ford: 3.18x
GM: 2.36x
BMW: 3.12x
Tesla: 63.6x
EBITDA Growth 2016
Apple: -11.43%
Google: 27.35%
Ford: -18.46%
GM: 37.08%
BMW: 0.59%
Tesla: 187.25%
Note about new product lines
In car entertainment and connectivity
Ride sharing
Software development
Production of batteries and electric powertrains used by Toyota/development work for
Mercedes electric program
Tax credits from state and federal regulations

Historical data
Income statement
http://www.marketwatch.com/investing/stock/tsla/financials
Balance sheet
http://www.marketwatch.com/investing/stock/tsla/financials/balance-sheet

5-year stock price charts