Made a post earlier continuing off of one made by someone else several months ago. So making a poll now. To put it in perspective Tesla’s now worth over half of google. More than netflix, more than walmart, more than all other American car companies (which are already in the s&p) several times over. And it’s the 8th biggest company in the country by market cap. They haven’t proven anything in any of the other industries they’re supposedly in (speaking of which why isn’t panasonic’s stock going anywhere??). Their self driving tech is way behind Argo and Waymo (check the famous chart stacking self driving tech from these companies,, Tesla’s last even with all their cars on the road, and does not use LIDAR unlike everyone else). Their cars have numerous issues with recalls (so they’re by no means some kind of perfect car). And Elon is now wealthier than Gates and Zuckerberg? So how are they not overvalued?? And shouldn’t its inclusion in the s&p 500 bring more scrutiny to its already shady fundamentals? So what do you think Tesla’s stock is? Give some reasons, don’t just call me names.
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These very questions were raised several times in the past. Do your research, you will find the answers.
This market is dotcom 2.0 100%. Snowflake worth 85b, Palantir worth 55b, random Chinese EVs Nio worth 55b and XPeng worth 28b. Tesla 500+b. There must be like 2b annual profit between all of them 😂
$SNOW Total addressable market as per s1 : $81B Market cap : $109B
Very ill-informed comparison, @DosCommas. Market Cap is Expected NPV of ALL future earnings. The total addressable market (TAM) figure is for one year. Example: Assume they capture 20% of TAM (~$16.2B) at a 30% EBITDA margin (~$5B Operating Income). Their P/E would be 22.
Volkswagen sold 10m cars in 2019 with $300B in revenue and is held at a $80B evaluation. Tesla sold 350k cars with $20B in revenue and is held at a $550B evaluation. Do you really think any of this makes sense? If Volkswagen was a 'startup' in today's over bloated tech scene it would be worth like 5 trillion. Tesla is worth just a fraction of their bloated evaluation.
Vw is a car company, Tesla is a tech company in the eyes of investors I guess.
VW’s ID3 is already outselling the Model 3 in Norway & Netherlands. https://www.carscoops.com/2020/11/tesla-sold-109-model-3s-in-norway-and-holland-last-month-vw-sold-5726-id-3s/
Tesla is still cheap..it should be worth atleast $2T by 2022 and $5T by 2030
Who the fuck is buying these shares, is the stock exchange hacked?! 😜
Millennials go by craze, not by fundamentals or even rational thinking. Until a next big crash, expect it to hit higher and higher..
Tesla is a cult stock so fundamentals don’t apply to this. A good way to see if Tesla is worth it is if their customer’s are willing to buy another Tesla or refer their friends to owning one. Also, regulation is helping fuel EV craze (just look at NIO). If you think more EVs will be prominent, who will be the winner of everyday EV? I just put in what I’m willing to lose. Idc if it goes to zero tomorrow.
I don’t think that’s a good way to measure. I have a Tesla, I’ll buy another. I can’t really see myself even considering anything else unless it’s some old car for nostalgia as a fun toy. I love Tesla, and I think they are in the lead for autonomy at scale (hard to compare to closed and private solutions like waymo). I *still* think they are way overvalued, though I do still have some Tesla stock, not nearly what I had a year ago. I won’t buy more at this price.
Well apple's entering the EV market so TSLA fucked
There will be competitors in coming days, offering same or more features than tesla.. until then it goes high..
This is the only counter argument I’m seeing, so called first mover advantage. But even then, does that justify their current valuation?
Nope, its all the hype and Elon charisma of being the ultimate tech guy with his different opinions of various issues.
Tesla is the most fake scams of all the scams, the only real stock that can actually drop to 0.
So shorting the stock then?
It’s not worth nearly what it’s priced at, but it’s also not going to zero. Tesla *will* keep growing and they will be bigger than any other US automaker. Problem is that rose colored view isn’t enough to justify their current price. Very good chance Tesla buys another US automaker in the next year to increase their manufacturing capability. Or buys the assets of one of them as they go to bankruptcy.
Scrutiny on ‘shady fundamentals’? Who do you think should scrutinize their fundamentals -SEC? Bcoz you don’t understand them, their fundamentals will look shady(P/E ratio). Those who are investing are doing it for the fundamentals(Disruption and technology).
Shady is probably the wrong word (probably). But there is no question that their fundamentals need to matter more upon inclusion to the s&p. It can no longer be some wild growth stock whose price completely ignores those fundamentals.
I can only say this - If you think its really overvalued, go ahead n short it, that should make you a lotta money.