Watch: TSLA Bull/Bear Debate with Rob Maurer & Gordon Johnson

Rob Maurer

Founder & CEO of GLJ Research, Gordon Johnson, joins Rob Maurer of Tesla Daily to discuss Tesla's business. GLR Research has a $19 post-split price target for TSLA stock, the lowest on Wall St.

Johnson and Maurer discuss Tesla's financials, growth, valuation, profitability, market share, competition, and more. Timestamps below:

  • 0:00 Introduction and Gordon Johnson’s bear case
  • 6:17 Is Tesla’s automotive business burning cash?
  • 11:50 Is Tesla’s growth story over?
  • 13:43 Are electric vehicles disruptive technology?
  • 16:11 Gordon Johnson’s forecasts for Q3 and Q4, and discussing the regulatory credit situation
  • 21:15 Service gross margin and warranty impacts
  • 24:59 What about the impacts of the pandemic on growth?
  • 28:23 Tesla’s market share
  • 34:44 Regulatory credits in depth
  • 40:15 Is competition finally coming?
  • 46:00 How does forecasting for revenue growth fit with the growth story being over?
  • 49:00 Tesla’s profitability, capital raise, and S&P 500 inclusion
  • 57:09 What would it take for Gordon Johnson to become more bullish on TSLA?
  • 58:47 Has Gordon Johnson used Autopilot?
  • 1:02:39 Closing comments

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Disclosure: Rob Maurer is long TSLA stock and derivatives

Comments (11)
No. 1-11
Wawepex
Wawepex

Bring on Gene Munster and evyone will benefit!

Wawepex
Wawepex

Please DON”T legitimize this crazy person!

lledwoc
lledwoc

Rob, you might not be British, but you deserve a knighthood for that. I work for a legacy automaker and have many questions about Tesla, despite believing in the long term mission. But why would anyone take investment advice from that guy, his grasp on the company fundamentals is so poor.

maiv_2000
maiv_2000

Can someone tell me whey YoY growth from 2018 to 2019 was below 20%?

maiv_2000
maiv_2000

Can someone tell me why YoY growth from 2018 and 2019 is under 20%?

GalaxyClass
GalaxyClass

I appreciate and definitely enjoy a bears position. There is so much to be learned by hearing an opposing view and having an open mind. However, this bear is just not in the same league as Rob. He knows almost nothing about the topic. He is simply not able to carry on an educated discussion about Tesla stock. It’s too bad. It would be nice to hear a true bear argument, but maybe the case is that there just isn’t an educated bear position at this time regarding Tesla.

Beowulfe
Beowulfe

You can count beans all day and disagree on numbers. Fanboys aside, is the stock overvalued right now, of course. Is it going to correct and find a logical level despite all the short term reasons for the ups and downs, absolutely. The single reason to like this company is that Elon Musk has single handedly pushed the automotive industry to electric. Putting solar panels on people's roofs. Sending things to space and bringing them back as a private enterprise. There will be missteps, smoked pot and all sorts of things.But progress for humans depends on the unreasonableness of people like Musk, and not some naysaying stuffed shirt who wants to pick nits. Have at it.

sharsanyi
sharsanyi

Infuriating how many times Gordon cuts off Rob, then tells Rob to not be emotional about the topic, and not cut him (Gordon) off. Tesla has countless potential catalysts for its future growth. To name just a few: potentially joining the S&P, new casting, continued gigafactory expansion increasing world adoption, new battery tech (better, cheaper cars and ability to sell to other auto manufacturers), Tesla insurance growing, improvements in self-driving, Model Y growth, upcoming vehicles (Cybertruck, Semi's, Roadster, the 20k car?, etc.), greater opportunities outside of motor vehicles (energy sector), and Tesla taxis (seems stupid and dangerous as heck to me though).

One thing I wish more people would understand is that competition in the EV world is perfectly fine. How many options do we have for gas-powered vehicles?! Electric is going to be a huge part of the future as countries rapidly develop their infrastructures for it.

All that said, I'm getting fearful that the current massive selloff indicates people know or feel confident that it won't be accepted into the S&P at this time. I hope that in the event it doesn't join the S&P this month, shareholders don't panic and drive the price further down. Whatever though... in it for the long haul. Thank you for all the wonderful updates, Rob.

Craigd
Craigd

Rob, you should have asked Gordon if he wants his children sucking on the exhaust pipes of the company’s he is paid to defend. But seriously although you are a polite and intelligent gentleman, you need to push back a little harder on people like Gordon. He beat you in the debate by brute force.
Great video though, thank you!

bugoo
bugoo

I appreciate that they both stepped in the ring. More of that would be good for everyone

TonyEFreeman
TonyEFreeman

The big takeaway from this is how respectful & considerate Rob Maurer is. He was constantly talked over & his questions were hardly listened to by Gordon Johnson. (Evident by how many times Gordon asked “what was the question?” after having already interrupted Rob to answer.

It’s hard to listen to Gordon Johnson’s thesis because it’s literally an argument in the worst connotation. Surely he’s passionate because he’s threatened by terrible losses and seems to have scars from a life on Wall Street, but I wouldn’t think he would take that out on Rob. Mr. Johnson hardly did himself any favors presenting his argument that way, yet it felt like he was itching for an opportunity to connect with Jim Cramer and co.

As always, Rob, did a great job in this interview, though one might feel by the end of this, you’re almost trying to pull Rob out of a bar fight. Rob keeps trying to end the discussion civilly but each time Rob says ANYTHING, Gordon goes “and about that...”