5 ms·

Let's look at who is claiming Tesla will keep growing at this crazy rate: 1. Elon Musk 2. TSLA apes (people who use the term "Daddy Musk" on /r/wallstreebets)

Let's look at who is claiming Tesla will keep growing at this crazy rate: 1. Elon Musk 2. TSLA apes (people who use the term "Daddy Musk" on /r/wallstreebets) 3. CNBC, MSNBC, and other financial media outlets Do we see more public, established investment firms parroting this? Not AFAIK. I was investing during the Dot-Com boom. Same thing was happening. Some will try to argue that the dot-com boom was based on vaporware and Tesla makes cars. Well, to that I say, every company was overhyped during that boom, from IBM to Lucent to Intel to Pets.com. Just because TSLA sales are strong doesn't mean the stock isn't overhyped even looking ahead 5-10 years.

_ea1k 5y ago
A lot of folks used the same argument against Amazon to explain why Wal-Mart was going to blow them away in ecommerce. lol
- SavantIdiot 5y ago
  You could be right. However, in the history of modern corporate America going back a century, how many times has an upstart dominated a multi-decade established industry? Give up? Exactly once: Amazon disrupted publishing. So TSLA could very well dominate the car industry in 5 years, but history is has much better odds. If you disagree, please provide some examples, I'd like to learn. EDIT: WalMart has higher e-commerce revenues than Amazon according to this by almost 30%: https://www.nasdaq.com/articles/amazon-vs.-walmart%3A-which-retail-stock-is-a-better-pick-2021-08-19 https://www.nasdaq.com/articles/amazon-vs.-walmart%3A-which-... But again, help me out with some facts if I'm so wrong.
  - josephh 5y ago
    > WalMart has higher e-commerce revenues than Amazon according to this by almost 30% What? Here's a quote from the same article: > Our global eCommerce sales are on track to reach $75 billion by the end of the year. This has to be the annual sales figure right? Amazon surpassed this number several years ago.
  - tinyhouse 5y ago
    > EDIT: WalMart has higher e-commerce revenues than Amazon according to this by almost 30%: That doesn't make sense. Without checking the link I'm sure you're looking at total commerce revenue, not only e-commerce.

_ea1k 5y ago

A lot of folks used the same argument against Amazon to explain why Wal-Mart was going to blow them away in ecommerce. lol

SavantIdiot 5y ago
You could be right. However, in the history of modern corporate America going back a century, how many times has an upstart dominated a multi-decade established industry? Give up? Exactly once: Amazon disrupted publishing. So TSLA could very well dominate the car industry in 5 years, but history is has much better odds. If you disagree, please provide some examples, I'd like to learn. EDIT: WalMart has higher e-commerce revenues than Amazon according to this by almost 30%: https://www.nasdaq.com/articles/amazon-vs.-walmart%3A-which-retail-stock-is-a-better-pick-2021-08-19 https://www.nasdaq.com/articles/amazon-vs.-walmart%3A-which-... But again, help me out with some facts if I'm so wrong.
- josephh 5y ago
  > WalMart has higher e-commerce revenues than Amazon according to this by almost 30% What? Here's a quote from the same article: > Our global eCommerce sales are on track to reach $75 billion by the end of the year. This has to be the annual sales figure right? Amazon surpassed this number several years ago.
- tinyhouse 5y ago
  > EDIT: WalMart has higher e-commerce revenues than Amazon according to this by almost 30%: That doesn't make sense. Without checking the link I'm sure you're looking at total commerce revenue, not only e-commerce.