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Bobby Harvey

These Analysts Love Tesla's Potential, But Balk At Its Valuation

Tesla Inc TSLA 2.59% has been the talk of the town on Wall Street in recent weeks, and analysts are weighing in on Tesla and CEO Elon Musk’s controversial proposal to take the company private on a seemingly daily basis.

Evercore ISI analyst George Galliers visited Tesla’s Freemont facility to get a glimpse of how Tesla’s day-to-day operations are running behind the scenes of the Wall Street drama, and he said Thursday production seems to be going very smoothly.

“While downtime and maintenance continue to place constraints on production, we did not see anything that would suggest Tesla is not able to produce 5k Model 3 per week today and at least 6k Model 3 a week very shortly,” Galliers said in a note.

He said Tesla’s stamping facility and its infamous GA4 General Assembly structure (inside the tent) were the two most impressive parts of its operation from an industry perspective. He said GA4 Model 3 assembly involves just 43 steps/stations, roughly a fourth of the number of steps used in most traditional auto plants. Source

Downside still holds due to stochastics head south.

$TSLA, Tesla, Inc. / D

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