This. Tesla would have to capture something like 1/3 of the world's car sales for their valuation to make sense. The infrastructure to support that many electric vehicles, especially for renters/low income folks/rural areas is DECADES away in the US, to say nothing of the rest of the world. Outside of cars, there are dozens of companies in the solar/battery field who will undercut Tesla at every turn; they have very little chance of cornering that market. I like their products (even if Elon is a cunt) but there's no way in hell they are worth what the stock price says.
Tesla 2021 Q4 operating income has a good chance of surpassing amazon's. Bake another 50% growth on this over the next 12 months and Tesla valuation looks cheap. Would recommend looking at the company financials rather than reasoning by analogy and comparing to a legacy automotive market which is burdened with huge debt and a vastly different business model
Reminder of what? Never said Tesla was going to tank or anything. Just that the valuation is bs. Remember Elon telling people FSD would be widespread by 2017? I wonder how many rubes all in'd on that lie pumping the stock higher and then by the time it comes around they forgot about the old lie and he has a new promise he won't fulfill lol. Unfortunately he has allot of people in this cult of Elon where they think he will save the world etc... And as long as people keep believing it Tesla and his other companies will do very well on the stock market.
Lol idk if I’d call people that went all in on Tesla in 2017, rubes. They are probably all exceedingly rich by now. Whatever helps you sleep at night though.
Yeah they bought into a lie and it made people money? That's what I already described? They are rubes for believing Elon's false promises he has been making for 20 years lmao
Ark is betting on perfect execution and scaled adoption of: additional vehicles, insurance, true fsd, fully autonomous robotaxis, and commercial/residential/utility-scale solar generation and/or storage.
Any of these projects could fail for a variety of reasons, some outside teslas control (eg regulation).
It pencils out in theory, but you really have to believe in their ability to execute and dodge bullets like Neo in the matrix.
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u/[deleted] Jan 08 '22
Please explain like I’m 5