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> I don’t understand why people think tesla will keep growing at this rate They are young and blinded by the optimism which the cult leader...ehm the CEO feeds
by GDC7 5y ago
> I don’t understand why people think tesla will keep growing at this rate
They are young and blinded by the optimism which the cult leader...ehm the CEO feeds them.
If they studied history they'd know that even Microsoft, AKA the undefeated company in IT/SaaS (US Govt. defeated them but that's another story) had to surrender to the S-curve phenomenon.
Most of the really big scope vision that Microsoft outlined in the 80s and 90s actually became true in the 2000s.
The problem was that people were really in love with Microsoft's stock and everybody and their brother was betting that the vision would happen exactly as planned.
The best case scenario at that point was that the stock would stay flat . And flat it stayed, and those who bought at the peak of the bubble blamed Ballmer.
I can't imagine how would they react when the same happens to Tesla and the insults which would fly in Musk direction given that he has a history of not delivering , exxagerating and also his company is not exactly in IT/SaaS.
He is now in Ballmer's position, but Steve delivered on what was promised in the 80s and 90s , nevertheless he was insulted and belittled.
For Tesla to have a justified valuation of 1T you'd need it to be ubiquitous, literally not being able to turn your head without seeing a Tesla logo, as it happens with the legacy trillion dollar companies (the FAAMGs/MAAMGs/MAMAAs)