Pierre Ferragu of New Street Research joins Rob Maurer on Tesla Daily to discuss Tesla's return on investment, operating leverage, competitive positioning, delivery outlook, supply chains, cryptocurrency, and more.
0:52 Understanding Tesla's profitability
4:58 The right to make money
7:47 New Street's TSLA note - cash return
16:27 Operating margin outlook
20:53 Tesla vs. TSMC
27:04 Tesla vs. BMW / Daimler
29:34 Tesla's structural advantages
36:20 Does this increase Pierre's bullishness?
38:27 Accelerating growth
43:36 Pierre's new Model Y
45:14 Reaction to Tesla/Musk's involvement in cryptocurrency
52:02 What concerns are you hearing?
52:54 2021 delivery expectations
You can find Pierre on Twitter @p_ferragu
New Street Research: https://www.newstreetresearch.com
Disclosure: Rob Maurer is long TSLA stock & derivatives.