• vegeta@lemmy.worldOP
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    3 days ago

    Could it also be that TSLA still has a grossly inflated price at 100x forward earnings. What has it done in the last few years to deserve such a multiple? Make statements about self driving coming tomorrow, hire actors to dance in a robot helmet, and sell trucks with the doors falling off?

    Hell, the price is still higher than right before Trump got elected this past November .

    Nah, it’s just cAnCeL cUlTuRe

    • RejZoR@lemmy.ml
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      3 days ago

      I’ve always said that, how can be Tesla valued more than several worlds largest car makers combined. Car makers far more reliable and on track than bullshit Tesla.

      • hex123456@sh.itjust.works
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        3 days ago

        Is the supercharger network worth more than the vehicle building business? Akin to owning “the gas stations of the future”?

      • IphtashuFitz@lemmy.world
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        3 days ago

        Not that I’m a Tesla apologist, but keep in mind they are more than just a car company. Also in their portfolio:

        • Solar panels
        • Residential power storage (Powerwalls)
        • Commercial/utility grade power storage (Megapacks)
        • Vehicle insurance
        • SuperCharger network
        • Robotics

        Granted, things like robotics are clearly mostly hype at this point, but they have sold & service Megapacks in countries including the US, Canada, and Australia. Their Supercharger network is also seen as a valuable asset given it’s really the only highly reliable nationwide one. Add to that the fact that it’s now an open standard that other EV companies are adopting, and non-Tesla EVs can now charge at many Supercharger stations, and the value of that asset can’t be understated.

        I have no idea what the Tesla EV revenue is compared to all this other stuff, but it’s all likely helping boost the value one way or another…

        • Wispy2891@lemmy.world
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          3 days ago

          Being an insurance company is more a necessity because otherwise that low poly draft that they accidentally put on sale would be uninsurable