Intrinsic Valuation of TSLA
	TSLA Free Cash Flow Average and Growth over past 5Y					Key Statistics
	Year		FCF	FCF Growth
	2021		$4,983,000,000	83.81%		EPS (FY)	4.89		Market Cap	845B
	2020		$2,711,000,000	178.62%		P/E Ratio	89.47		Total Asset	69B
	2019		$973,000,000	538.85%		Net Income	6B		Total Debt	9B
	2018		($221,714,000)	94.65%		EBITDA	14B		Total Liab	31B
	2017		($4,142,008,000)	-164.78%		Opr Margin	0.1619		Debt/Equity	0.12
	2016		($1,564,300,000)			PreTax Margin	0.1581		BV/Share	29.22
	5Y Median FCF		$860,655,600	94.65%
						Overall Market Assumptions:
	Assumptions:					P/E for No-Growth Company:			7.00
	Perpetual Growth Rate (g):	2.50%				Historical US Bond Yield:			4.40%
	Discount Rete (WACC):	14.13%				Current US Bond Yield:			1.48%
	Forcasting Future Free Cash Flow for next 6Y					Modified Benjamin Graham's Intrinsic Value
	Year		FCF Projection
	2022		$9,699,269,259			MBG Intrinsic Value			$103.88
	2023		$18,879,354,638
	2024		$36,748,132,466
	2025		$71,529,205,612
	2026		$139,229,585,618
	2027		$271,006,469,950
	Terminal Value		$2,388,918,575,835			Net Worth/Share			$38.50
	DCF Valuation			DCF Valuation "What If" Scenario Table
	Enterprise Value	$1,231,656,621,592				Growth Rate
	(+) Cash & Cash Equivalents	$18,052,000,000			1258.45	1.50%	2.00%	2.50%	3.00%	3.50%
	(-) Total Debt	$8,873,000,000		WACC	14.03%	1187.1	1228.6	1273.7	1322.8	1376.6
	Equity Value	$1,240,835,621,592			14.08%	1180.3	1221.3	1265.9	1314.4	1367.6
	Shares Outstanding	986000000			14.13%	1173.5	1214.1	1258.1	1306.2	1358.7
					14.63%	1108.7	1145.2	1184.8	1227.7	1274.5
	DCF Intrinsic Value	$1,258.45			15.13%	1049.2	1082.2	1117.8	1156.3	1198.2
Swarnadeep Seth (2022)