complete an equity research report for Tesla. The ability to do accurate and valuable equity research is one of the fundamental skills required for fund managers of asset management and mutual fund companies. You need to conduct your own research with public information regarding macroeconomics, industry trends, and the company's specific operations. You can choose a stock currently traded on any stock exchange around the world, and the following information should be included in your reports:

1. The macroeconomic conditions of the countries the company currently mainly operates in, and how the economy will affect the company's future operations;
2. A detailed industry analysis of the company's main business, including the industry's growing trend and the business cycle, the current market competition, related government policy, and any other relevant information; You should also include your expectation with possible changes regarding the industry, and how these changes would affect the company's operation, further make the stock a possible good investment at this point of time.
3. What differentiates this company from its competitors, making the stock of this company a possible good investment. Possible analysis might include the company's financial performance, unique strategy, possible future expansion, and other relevant information.
4. Your valuation of the stock - Why you think the stock price is currently undervalued, and what is the intrinsic value of the stock regarding your analysis and valuation. You can choose your own model/methods to value your stock, such as the comparable approach or DCF.

Please keep in mind, that your analysis should be focusing on the KEY DRIVERS which will make the stock price go up in the near future, and therefore you would benefit from buying the stock at this point in time.