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I agree with your sentiment (and your logic for that matter), but I want to just point out that there is a (distant, admittedly) possibility that they come up w
by Grustaf 5y ago
I agree with your sentiment (and your logic for that matter), but I want to just point out that there is a (distant, admittedly) possibility that they come up with something very new and clever, like self-driving micro cars as a service or something, that can create an entirely new industry.
I mean look at Apple in 2006, or 2008 for that matter. Nobody could have foreseen that they would create a completely new category that would have basically half of the rich world spending 1000 bucks every 2 years on a pocket computer.
Clearly Elon Musk is no Steve Jobs or Tim Cook, and Tesla is no Apple, but it's not impossible.
- zamfi 5y agoYes, but Tesla’s market cap already assumes all those things happened...it’s worth 1/4 of Apple already, but hasn’t actually done those Apple-type things!
- Grustaf 5y agoSure, my point is more that Tesla could in theory live up to their astronomical valuation. They merely have to pull off an iPhone and create a new industry…
- zamfi 5y agoSure, and my point is that...there's not a lot of room for valuation growth, since their current valuation already prices in extreme success.