Tesla Stock Closes at Record High

The transcript discusses Tesla's stock value, potential price cuts in China, and the company's cost structure. It highlights the stock's volatility and the need for reevaluating price targets based on production levels and earnings power. Tesla's market share and competition in the electric vehicle sector are analyzed, with a focus on their technological lead. The strategy for the Model 3 in China, including pricing and market demand, is explored. Finally, the transcript evaluates Tesla's profitability, cash flow, and operating leverage as key factors for future stock performance.

What factors are influencing the fair value of the company discussed in the text?

How might price cuts in China affect the company's cost structure and stock price?

What is the significance of Tesla's lead in technology compared to its competitors?

Discuss the implications of Tesla cutting prices on the Model 3 for its profitability.

What are the two key variables that could drive the stock price of the company next year?