4 ms·
comps are very simplistic way to value companies. in this case, your comparing apples to oranges. for starters, tesla is highly vertically integrated. so it doe
by andrewtbham 5y ago
comps are very simplistic way to value companies. in this case, your comparing apples to oranges. for starters, tesla is highly vertically integrated. so it doesn't really make sense. you would need to comp tesla to the auto supply chain. they make their own seats, speakers, driving assist programs, glass, they stamp their own metal, paint their own cars. They have their own chargers, service centers and do all their sales directly without a dealership network. All the companies you have listed outsource these tasks. Furthermore, they have an energy business, auto insurance, etc.
dcf models are the best way to think about valuing a company.