A good read, though I would remind @ajb_powell that in 2030, with ~25mm TSLAs on the road by then, each worth far more (obviously
) than when it was sold, and TSLA's insured base should be assumed to be the replacement value of the entire road-going fleet.
Maybe $3trln?https://twitter.com/FTAlphaville/status/1430112377694007309 …
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And if it charges a 1% p.a. spread, that means $30bn a year of net revs. Not just $30bn of market cap. Adam Jonas is obviously not bullish enough.
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Replying to @bauhiniacapital
Don’t forget investing the insurance premiums in TSLA stock, which should add an additional $10-15bn of income a year. TSLA can then leverage this into TSLA Asset Management, tapping into its affluent customer base and generating $30bn of AUM inflows a year.
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Replying to @BongCapital
30bn? Only 30bn? 30mm affluent TSLA owners who will be renting out their TSLAs for TSLA Mobility, earning probably $20-50k a year as their cars drive around without them, are only going to reinvest $1k a year with Tesla Capital Management?
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Replying to @bauhiniacapital
Just trying to be conservative on my assumptions. But I wouldn’t rule out TSLA Asset Management surpassing BlackRock in the medium term.
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Replying to @BongCapital
Pretty "easy" if you securitise the cars and their earnings, allowing better use of fake news depreciation to offset Mobility erns. Also allows TSLA owners to part-own other people's cars. And Insurance insures the whole pool so the whole thing works a bit like Danish mortgages.
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TSLA finance dept reading this likepic.twitter.com/hgpEo8IZQy
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