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It appears that no one has even presented napkin math to justify the price. Total addressable market is interesting, but doesn't even qualify as napkin math wi
by hodder 10y ago
It appears that no one has even presented napkin math to justify the price. Total addressable market is interesting, but doesn't even qualify as napkin math without even a rough idea of margins, capital needed, rough growth rates.
I am basically seeing an argument that Tesla is smart and will figure out ways to make money to justify a 50B mcap. That may be true, but I was hoping for more.
I will likely buy puts on this once the squeeze subsides.
All arguments so far I would basically describe as hand-waving which gives me more confidence that the market is too optimistic.
All that said, if you have been long this, congratulations.