André, RosárioFrancisco Martins, FranciscoSá, Nuno Quartin Bastos de Vasconcelos eCorelli, AngeloEggers, Nicolas Johann2024-04-242024-04-242023-01-172022-12-15http://hdl.handle.net/10362/166596With society and politics increasing ecological awareness, traditional industries such as the automotive and energy industry have been subject to disruption, high speed developments and new players entering the market. This report shines a light on one of the relatively new entrants in these mentioned markets: Tesla. By examining growth opportunities in different regions, as well as costs and other factors affecting all of Tesla’s business units, this report attempts to value Tesla in the fast growing and changing industries of electric vehicles and related services, energy generation and energy storage. By determining an intrinsic valuation of Tesla as a whole, by employing a discounted cash flow analysis applied on a less optimistic bear-case, most probable base case and very optimistic Tesla forecasted bull-case, this report forecasts and expected enterprise value of $495,252 million with a share price of $161 per share by December 2023, from the probability weighted average of the three cases. Furthermore, the report describes relative valuations using multiples, applied to Tesla’s individual business units and resulting valuation for Tesla as a whole.engTeslaEquity researchDcf valuationAutomotive industrymaster thesis203364198