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If you check out some of the automotive AI companies, you will see half a dozen names like Nuro, Aurora, Momenta, TuSimple, Pony, Zoox. There are more in the ne
by SergeAx 7y ago
If you check out some of the automotive AI companies, you will see half a dozen names like Nuro, Aurora, Momenta, TuSimple, Pony, Zoox. There are more in the neigbourhood with tech like lidars, computer vision and so on.
Those companies has literally NOTHING beyond software and early prototypes, but they still are valued at billions of dollars each. So, compared to them, what should be a valuation of a profitable company with large scale production, foothold in China, massive and ever growing real life datasets and so on and so on?
- JohnJamesRambo 7y agoProbably less than the combined valuation of GM and Ford when each sells an order of magnitude more cars than Tesla. https://www.goodcarbadcar.net/2019-u-s-auto-sales-figures-by-brand/ https://www.goodcarbadcar.net/2019-u-s-auto-sales-figures-by... Even if we consider that a stock valuation indicates what we THINK a company might be worth in the far far future it doesn’t make sense.
- SergeAx 7y agoThis is exactly my point: you are valuing TSLA as a car maker, and I along with the market prefer to value it as tech company.
- JohnJamesRambo 7y agoWhat is tech about it? Cars and batteries aren’t software you can easily make endless clones of and sell over and over again.
- SergeAx 7y agoActually, lot of Tesla cars is software, it is wastly superior to anything on the market right now, and it is worth to mention they are updating it quite frequently. Also there are datasets, like I said.