1. The stock price per share is the markets estimate of the value of the company. If the stock price is above the baseline value, the market expects the cash flow to grow in the future (over the next 3 years), if it is below the baseline value, the market expects future cash flow to decline. Based on the closing stock price on November 18th, 20222 ($180), how much does the market expect Tesla to generate in operating cash flow in three years?

2. In order to forecast automotive sales in three years, estimate the three-year average annual change in the number of cars sold (units) and price per car (price). Based on your forecasts, what is your estimated sales for Tesla in three years?

3. What evidence do you have for your forecast? Copy and paste from the company disclosure.