TSLA Valuation Assignment 2:
• Spread FY2021-2023 historical financial statements
• Project FCFF out another 5-10 years (your discretion) using:
o Information gathered form company management guidance and/or analyst research
o Assumptions particular to growth companies
o Your own specific assumptions
• Determine Terminal Value using appropriate assumptions
• Apply DCF techniques to projected FCFFs and Terminal Value as described in previous sessions
• Apply Equity Adjustments as appropriate.
• Date valuation as of November 18 (turn in date).