As of now, valued at $464B. It's worth as much as 17 Fords. It's worth two Netflix's (who people have previously called out as overvalued) It's worth 4 IBM's (probably justified tbh) It's worth much more than Walmart who is wildly profitable and has insane revenue - also they are making a successful shift into an e-commerce front. I love Tesla, I have a Tesla and I'm probably an Elon fanboy, but this is ridiculous. Maybe you can justify huge valuation because they are positioned for insane growth trajectory, idk Is this just Robinhood nerds going crazy, or is the value justified?
Who the fuck is buying it at over 1165 P/E ratio. What are people thinking ? That Tesla will launch full self driving next month and make hundreds of billions right away ?
Check zoom stock also
Zoom has a reason, it’s pandemic time. People need zoom to work. Who needs Tesla more during a pandemic?
If you think of Tesla as an auto manufacturer, of course it is highly overvalued.
which none of us did already, I think it's overvalued even treated as a tech company
Battery company.
Sold today.. this looks like a huge bubble about to burst.. there is nothing that Tesla has done in last 1 month that can justify such an insane run... don’t put money you ain’t afraid to loose. I’m happy with the 70% gain and could not hold it any longer.
Try one year. What’s the drastic change since one year to warrant an increase in 400b$ in valuation ?
Built up the hype train successfully?
Split happened today so up to a couple of days for the small retail investors to get in right before the crash.
This.
That.
Can i talk to the person who thinks its undervalued?
It’s Elon
He tweeted back when it was like 900 (pre-split) that he thought it was overvalued
I think Tesla is undervalued. Tesla can shoot up to 1T market cap by the middle of 2023 assuming it can up its revenue from the current 25B to around 50B in 3 years. They have already upped it from 5B to 25 B in the last 5 years and that was without the China factory. Having a valuation of 20x sales is common for internet companies - which Tesla is not , but the market considers it like one and trades like an internet company. Also remember that earnings don’t matter at last for the next 10 years, because this is the time for capturing market share for a company like Tesla and not give dividends to shareholders. Also Tesla does not have any pension or other liabilities like the other big 4 automakers . So to sum it up, 1T at 50B, 2-3T at 100B Mark.
LOL. Why you stopped at 2-3T? Go on, I am listening.
I wonder why people get high during the middle of the day
Its a matter of when not if, that Tesla will replace USD as the global reserve currency... wait
Hah I was almost thinking the same, it’s the safe haven in the stock market. Kinda like Chinese buying Vancouver and San Fran real estate.
The smartest comment here . This has nothing to do with evaluation . It’s about lack of trust in USD and the speculation that there will always be a buyer for your Tesla stocks at a higher price you paid . Obviously it cannot go on forever, but I think it has another few weeks of runway before taking a break
This bubble is gonna burst. Also there are other EV manufacturers catching up pretty well. Unless Teslas are affordable they don’t have any edge at all. Brace for big drop in oct/nov
Assert that prediction with a screenshot of puts
Probably going to be sooner
Leader in EV and battery technology. Way ahead in autonomous driving data. Potential ride hailing service. All secular growth trends for the coming decade. Plus the most Innovative man on earth currently as their CEO. Easily a multi trillion dollar company in the next 5 years.
God I wish Blind had a downvote button
@prodsec , a shorter? lol
Future bets. One bad quarter and it will trickle down.
Never bet against Tesla. Learned that the hard way
It will be down for a week again buyers will jump in and stonk it