AlexandreLic
2022-07-22

$Tesla Motors(TSLA)$generated $621M free cash flow in 2Q (before $936M BTC proceeds) even with China volume at 60% of normal and with TSLA ramping up two “gigantic money furnaces.” For FY’22 TSLA still likely to generate ~$9B in FCF, and in FY’23 ~$20B FCF. With $18.9B cash, only $66M debt not tied to vehicles or solar, and annual run rate EBITDA of $15B, TSLA likely to be upgraded to an IG credit this quarter. The real question: What to do with all the excess cash flow over the next five years, which we est could total $170B?

The best use of free cash flow (highest IRR) remains building new gigafactories once Berlin/Austin are ramped up. After all internal projects there are only four external uses of cash:

- share buybacks (My preference)

- dividends

- M&A

- build up cash (or retire debt)?

 

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

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  • 且打且珍惜
    ·2022-07-24
    好
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    ·2022-07-24
    啦啦啦嗯哦哦
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    ·2022-07-24
    [真香]
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    ·2022-07-23
    [微笑]
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    ·2022-07-23
    1
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    ·2022-07-23
    确实
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    ·2022-07-23
    666
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