According to Morgan Stanley's analyst Adam Jonas, Tesla, the brainchild of billionaire Elon Musk, will soon come into the spotlight as a multifaceted corporation. In addition to car production, the company is making some headway in other emerging areas. Moreover, the services provided by Tesla are expected to be more expensive than electric-vehicle manufacturing.
Jonas believes that Tesla shares can be compared to those of such tech giants as Apple, Roku, and others. "To only value Tesla on car sales alone ignores the multiple businesses embedded within the company", the analyst notes. These include such innovations as driver-assistance software, energy for households, insurance, as well as Internet access to hard-to-reach areas.
Next year, Tesla plans to deliver about half a million cars to the global market. This implies a 36% jump over the levels logged in 2020, experts emphasize. Wall Street analysts estimate the company’s revenue will grow 26% in 2020 and then accelerate further in 2021. However, its earnings are anticipated to taper off in 2022.
