Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tesla-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla (TSLA US)</a> reported a sharp contrast between revenue growth and margin erosion. The statewide approval is efficient, but it will not happen next year either. </li>
<li>The management warned of high CapEx that will keep free cash flow under pressure. </li>
<li>No indication of turnaround yet; thus, it is not too late to short the stock. </li>
</ul>



Tesla (TSLA US) reported a sharp contrast between revenue growth and margin erosion. The statewide approval is efficient, but it will not happen next year either. 
The management warned of high CapEx that will keep free cash flow under pressure. 
No indication of turnaround yet; thus, it is not too late to short the stock. 


Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

<ul><li>From a valuation perspective, Tesla appears to trade on expectations that extend well beyond its current earnings capacity.</li><li>The company continues to attract a premium valuation due to its exposure to electric vehicles, autonomous driving, artificial intelligence, energy storage, and robotics.</li><li>However, the current share price seems to reflect a highly optimistic future scenario, creating a gap between the company’s market value and its near-term financial fundamentals. </li></ul>

From a valuation perspective, Tesla appears to trade on expectations that extend well beyond its current earnings capacity.The company continues to attract a premium valuation due to its exposure to electric vehicles, autonomous driving, artificial intelligence, energy storage, and robotics.However, the current share price seems to reflect a highly optimistic future scenario, creating a gap between the company’s market value and its near-term financial fundamentals. 

Investment Thesis - Valuation Summary: Tesla Inc. - July 14, 2026

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Tesla, Inc. reported record vehicle deliveries in the second quarter of 2026, with sequential growth across the Americas (60%), Asia-Pacific (27%), and Europe, Middle East, and Africa (12%).</li><li>The Model Y continues to be a top-selling vehicle globally, with strong adoption of the Full Self-Driving (FSD) feature, which accounted for 55% of North American deliveries and nearly 1.5 million paid customers worldwide.</li><li>The company highlighted a growing order backlog and is focused on increasing production capacity, although supply chain constraints—particularly in batteries and electronic components—remain a limiting factor.</li></ul>

Tesla, Inc. reported record vehicle deliveries in the second quarter of 2026, with sequential growth across the Americas (60%), Asia-Pacific (27%), and Europe, Middle East, and Africa (12%).The Model Y continues to be a top-selling vehicle globally, with strong adoption of the Full Self-Driving (FSD) feature, which accounted for 55% of North American deliveries and nearly 1.5 million paid customers worldwide.The company highlighted a growing order backlog and is focused on increasing production capacity, although supply chain constraints—particularly in batteries and electronic components—remain a limiting factor.

Tesla’s $25 Billion Capex Surge: Can AI and Robotaxis Outrun Margin Pressure?

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Cross Asset Strategy

<ul>
<li><em><strong>Repatriation Investment Account (RIA) has surpassed 1 trillion won ($690 million) since its launch about a month ago in Korea. </strong></em></li>
<li>Total amount of overseas listed investments by Korean investors increased from $27 billion at the end of 2020 to $131.7 billion as of 22 April 2026.</li>
<li>RIA account is aiming to slow down this aggressive growth of overseas stock investments by Korean investors and rather try to repatriate these overseas investments into the Korean stock market. </li>
</ul>


Repatriation Investment Account (RIA) has surpassed 1 trillion won ($690 million) since its launch about a month ago in Korea. 
Total amount of overseas listed investments by Korean investors increased from $27 billion at the end of 2020 to $131.7 billion as of 22 April 2026.
RIA account is aiming to slow down this aggressive growth of overseas stock investments by Korean investors and rather try to repatriate these overseas investments into the Korean stock market. 


Repatriation Investment Account (RIA) Surpasses 1 Trillion Won in One Month in Korea

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Thematic (Sector/Industry)

<ul>
<li>U.S. had 78,692 public EV stations and 235,398 ports as of Oct 2025, up 4.9% YTD; California led with 24% share.</li>
<li>ChargePoint dominates Level 2 chargers (33% share), while Tesla leads in DC Fast charging (54% of total DC ports). Electrify America and EVgo follow with ~8% and 7% shares.</li>
<li>Europe surpassed 1 million charge points; China reached 4.32 million public and 17.35 million total chargers by Aug 2025.</li>
</ul>


U.S. had 78,692 public EV stations and 235,398 ports as of Oct 2025, up 4.9% YTD; California led with 24% share.
ChargePoint dominates Level 2 chargers (33% share), while Tesla leads in DC Fast charging (54% of total DC ports). Electrify America and EVgo follow with ~8% and 7% shares.
Europe surpassed 1 million charge points; China reached 4.32 million public and 17.35 million total chargers by Aug 2025.


US EV Charging Infrastructure Tracker - October 2025

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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Tesla (TSLA US)

Tesla (TSLA): High CapEx on Sight

Tesla reported revenue growth but margin erosion, with high CapEx keeping free cash flow under pressure. Not too late to short the stock.

Henry Soediarko

Investment Thesis - Valuation Summary: Tesla Inc. - July 14, 2026

The company continues to attract a premium valuation due to its exposure to electric vehicles, autonomous driving, artificial intelligence, energy...

VRS (Valuation & Research Specialists)

Tesla’s $25 Billion Capex Surge: Can AI and Robotaxis Outrun Margin Pressure?

Tesla, Inc. reported record vehicle deliveries in the second quarter of 2026, with sequential growth across the Americas (60%), Asia-Pacific...

Baptista Research

Repatriation Investment Account (RIA) Surpasses 1 Trillion Won in One Month in Korea

Repatriation Investment Account (RIA) has surpassed 1 trillion won ($690 million) since its launch about a month ago in Korea.

Douglas Kim

US EV Charging Infrastructure Tracker - October 2025

The pace of growth of EV charging infrastructure in the U.S. remains modest. In contrast, the pace of adoption in China remains much higher...

GSBR Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Tesla (TSLA): High CapEx on Sight

​Tesla reported revenue growth but margin erosion, with high CapEx keeping free cash flow under pressure. Not too late to short the stock.

Henry Soediarko

Investment Thesis - Valuation Summary: Tesla Inc. - July 14, 2026

The company continues to attract a premium valuation due to its exposure to electric vehicles, autonomous driving, artificial intelligence, energy...

VRS (Valuation & Research Specialists)

Tesla’s $25 Billion Capex Surge: Can AI and Robotaxis Outrun Margin Pressure?

Tesla, Inc. reported record vehicle deliveries in the second quarter of 2026, with sequential growth across the Americas (60%), Asia-Pacific...

Baptista Research

Repatriation Investment Account (RIA) Surpasses 1 Trillion Won in One Month in Korea

Repatriation Investment Account (RIA) has surpassed 1 trillion won ($690 million) since its launch about a month ago in Korea.

Douglas Kim

US EV Charging Infrastructure Tracker - October 2025

The pace of growth of EV charging infrastructure in the U.S. remains modest. In contrast, the pace of adoption in China remains much higher...

GSBR Research

Tesla reported revenue growth but margin erosion, with high CapEx keeping free cash flow under pressure. Not too late to short the stock.