12.13.2021 Gary Black and David Kalis met with Tesla management on Dec. 8. In a YouTube Live event, Gary talked about the team’s 1) Key takeaways, 2) Elon’s 10b5-1 selling: What next, 3) $8K EV credit/TSLA catalysts, and 4) 2022 forecast.(TSLA 9.95% FFND 12/12/21). Watch the Video.
Definitions: FSD: Full Self Driving vehicle. PE: price earnings ratio The price-to-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS). TAM: Total Addressable Market the overall revenue opportunity that is available to a product or service if 100% market share was achieved. It helps determine the level of effort and funding that a person or company should put into a new business line.
12.01.2021 Gary Black compares Tesla’s rapid expansion with Amazon’s meteoric return (>30,000%) since 2018. He expects world battery electric vehicles (BEV) adoption to climb from 6% in 2021 to 10% in 2022 and to 30% by 2025. He expects Tesla to hold its current 21% electronic vehicle (EV) market share. (TSLA 10.82% FFND 11/30/21.) Read the article.
11.24.2021 David Kalis, CFA, portfolio manager talks about Zoetis. Its primary business, companion animal health, fits the Lifestyle Betterment megatrend. Pet ownership spiked as people grew more isolated and sought the companionship of dogs and cats during the pandemic, boding well for the company. (ZTSD 1.84% FFND 11/23/2021). Read the article.
11.18.2021 Gary Black, portfolio manager of the Future Fund Active ETF (FFND), is skeptical about an Apple car. “The idea is utter nonsense—there is no edge,” he tells Barron’s. “Brands don’t extend into categories where there is no clear distinctive competence.” Read the article.