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John Thompson, Hedge Fund dude: . . . As a reality check, Tesla is worth twice as much as Ford* yet Ford made 6 million cars last year at a $7.6 billion profit
by SQL2219 9y ago
John Thompson, Hedge Fund dude:
. . . As a reality check, Tesla is worth twice as much as Ford* yet Ford made 6 million cars last year at a $7.6 billion profit while Tesla made 100,000 cars at a $2 billion loss.
Further, Ford has $12 billion in cash held for “a rainy day” while Tesla will likely run out of money in the next 3 months.
- shafyy 9y agoThat dude is also shorting Tesla, of course, he's going to try to influence public opinion in this way. He'll make a shit ton of cash if Tesla goes southwards.
- panarky 9y agoIn 2004, Google was valued at $23 billion. Other advertising companies made far more profit than Google, had more cash in the bank than Google, yet had lower valuations than Google. On that evidence, many "experts" and "analysts" said Google was grossly overvalued. Today it's easy to see that their analysis was dead wrong. If you can figure out why the conventional wisdom then was wrong, you'll understand why Tesla stock has value today.
- xkjkls 9y agoGoogle was already profitable in 2004, and more than doubling revenues. Tesla is none of those things, and you're paying way more for it.
- Teeer 9y ago> Other advertising companies made far more profit than Google Your argument fails at that. Considering Google strictly an "advertising" company is a narrow view, even in 2004.
- panarky 9y agoIt's not my argument, it's an argument from analysts who said Google was overvalued in 2004. Apparently they couldn't imagine the future, so they measured Google against its contemporaries. Comparing Tesla to Ford is a similar failure of the imagination.