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I don't understand anything about Tesla valuation anymore. It's like watching Theranos and Enron (Tesla is currently 10x Enron market cap at peak) happen at an
by JohnJamesRambo 6y ago
I don't understand anything about Tesla valuation anymore. It's like watching Theranos and Enron (Tesla is currently 10x Enron market cap at peak) happen at an even larger scale from memes and hope and hero worship and fuzzy math. It's 2.6x Toyota's market cap now and Toyota made 24x as many cars in 2019. I don't see any way "future performance" can make those numbers ever work. And I assume that is why they keep shoveling this crap to retail investors.
- deleted 6y ago[deleted]
- elcomet 6y agoProbably because some investors believe that Tesla will achieve full self driving in the next 5/10 years. If this happens, Tesla might be worth much more than 2x Toyota.
- burnte 6y agoTesla has something Theranos and Enron never had: actual products you can buy and that have a real market. Theranos had a pied piper song, and Enron became trading platform with cooked books.