Michael Lachnicht's Contributor Page
Company: Tesla Inc (NASDAQ:TSLA)
Last Updated: October 22, 2019 (Prior to the 3Q2019 earnings release)
Model description and earnings preview: As Tesla focuses more on the production and marketing of Model 3 to foreign customers, primarily in China with the expected launch of Gigafactory Shanghai in 2019 Q4, an annualized production goal “in excess of 500,000 Model 3 vehicles” has been set between 2019 Q4 & 2020 Q2. Tesla believes that the Tesla Factory, which currently has a capacity of 7,000 and will undergo further efficiency-related improvements, and Gigafactory Shanghai, which is expected to launch in 2019 Q4 and will be aided by learned experience regarding operational efficiency after issues experienced in other Gigafactories, will be able to achieve an annualized production of 500,000 Model 3s, or roughly 10,000 weekly....click here to continue reading
Michael is a rising sophomore at the University of Connecticut School of Business with a major in Finance. He currently works as a M&A Strategy Intern with Edge Strategy Group, a boutique M&A advisory firm specializing in the RIA industry. He concurrently participates as a virtual analyst for Invest Like The Street, where he actively creates DCF models and conducts equity research on Fortune 500 companies. Michael also has extensive experience in sales, as he is the youngest window salesman to ever receive the Southern New England MVP Award in the history of Andersen Corporation. Having recently passed the Securities Industry Essentials (SIE) Exam, Michael intends to obtain the Series 7 certification and become eligible for Level I Candidacy in the CFA Program. Michael's interests in the field are valuing and researching commodities and their respective equities, analyzing Federal Reserve policy impacts on macroeconomic trends, and independently drafting financial forecasts for his own proprietary investing. He plans to pursue a career in investment banking after graduation.
Disclosure: The author of this article/model has no financial investment or other conflict of interest related to the subject company or other companies discussed. Any views made or implied in the content represent the author’s opinions.