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 .
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.
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…
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
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.
Is the supercharger network worth more than the vehicle building business? Akin to owning “the gas stations of the future”?
Not that I’m a Tesla apologist, but keep in mind they are more than just a car company. Also in their portfolio:
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…
Being an insurance company is more a necessity because otherwise that low poly draft that they accidentally put on sale would be uninsurable
Elon has likely pumped his stock price using call options. It shouldn’t be worth anything near what it is.
https://www.reddit.com/r/options/comments/hk7nqe/tesla_infinity_call_gamma_squeeze/
https://redlib.catsarch.com/r/options/comments/hk7nqe/tesla_infinity_call_gamma_squeeze/
FTFY