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It'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 Goog

It'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.

xkjkls 9y ago
Really? Why? Is Tesla not a car company?
- manicdee 9y ago
  Tesla is a battery company that also makes cars.
  - hndamien 9y ago
    It is an energy company.
  - xkjkls 9y ago
    That seems like an even less bullish fact. Batteries are never going to command the same margin or moat as cars, and hence would have even lower market cap comps.
- panarky 9y ago
  Tesla is a car company in the same way that Google is an advertising agency.
  - xkjkls 9y ago
    In what way?