2020 TSLA Year TTM 2023 2022 2021 EBIT $ (-) TAXES $ EBIAT $ 10,985,000.00 $ 13,256,000.00 $ 1,433,000.00 $ 2,419,000.00 $ 9,552,000.00 $ 10,837,000.00 $ 14,724,000.00 $ 35,000.00 $ 11,497,000.00 $ 5,943,000.00 2,244,000.00 $ 1,356,000.00 14,689,000.00 $ D&A $ 4,867,000.00 $ 4,667,000.00 $ CHG IN WC $ (3,434,000.00) $ (2,248,000.00) $ CE $ (9,603,000.00) $ (8,899,000.00) $ (7,172,000.00) $ FREE CF $ 1,382,000.00 $ 4,357,000.00 $ 7,552,000.00 $ 9,253,000.00 $ 4,587,000.00 3,747,000.00 $ 2,911,000.00 $ 2,322,000.00 (3,712,000.00) $ 667,000.00 $ 184,000.00 (8,014,000.00) $ (3,242,000.00) 3,483,000.00 $ 3,483,000.00 WACC Discount Factor RF Rate 6.70% Cost of Equity Risk premium 15.21% Present Value New Present Value Future Value Estimated Stock Price