About Michael Grinshpun
Michael Grinshpun Michael Grinshpun is a dual undergraduate and graduate student in economics. He writes about the electric car industry and works on sustainable energy issues. He works on Carbon Free Boston, an initiative to lower Boston’s carbon emissions to zero by 2050, as well as on water utility projects. Previously, Michael has worked in solar consulting and energy facilities.
May 31st, 2019 | by Michael Grinshpun
Tesla’s stock is tumbling in the largest decline in TSLA history, and the media is in a frenzy. The headlines on Tesla are starting to include the words such as “troubles,” “struggles,” and even “doomed.” The narrative says Tesla’s demand is falling, its balance sheet is in terrible shape, and Tesla will run out of cash in 10 months. The narrative also claims that Tesla will miss expectations in the second quarter, and one analyst says that Tesla might go to $10/share from the current $190, which is already down >50% from the highs. However, the data show that none of that is true. Tesla’s orders are at an all-time high in North America and worldwide, the balance sheet is the strongest it has been in 6 quarters, and the average 12-month price target among analysts is $276/share, or 46% higher than today’s price
May 29th, 2019 | by Michael Grinshpun
While the financial media and analysts continue to question Tesla’s demand on the basis of one unusually "bad" quarter, quarterly data and internal Tesla emails show worldwide order rates are actually up 25% in Q2 versus Q1. Meanwhile, a crowdsourced Tesla order tracker shows US and Canada Model 3 orders are up 116% versus Q1, and website traffic and interest data show that interest in Tesla’s vehicles is higher than in the past
March 23rd, 2019 | by Michael Grinshpun
Analysts seem to talk about Tesla's "cash problem" often, especially leading up to the $920 million bond repayment and after the Model Y event. Tesla has access to so many sources of liquidity that the "cash problem" is a mythical problem
October 24th, 2018 | by Michael Grinshpun
Despite intense media scrutiny around all things Tesla, Tesla’s Model 3 has maintained its status as the #1 best selling car in the US in terms of revenue. That goes for both September and all of
September 9th, 2018 | by Michael Grinshpun
Despite intense media scrutiny around Tesla’s Model 3 "production hell" ramp, and Elon Musk’s take-Tesla-private drama, Tesla now has the #1 best selling car in the US. You may think that was a typo, but read on
