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Rivian has in $0 revenue, yet somehow manage to be worth $77,68B Tesla same thing, extremely overpriced i remember recommending my friends to buy Tesla stock
by ushakov 5y ago
Rivian has in $0 revenue, yet somehow manage to be worth $77,68B
Tesla same thing, extremely overpriced
i remember recommending my friends to buy Tesla stock at $50
today i wouldn't recommend anyone to touch it with a 10 foot pole
- wincy 5y agoEven Elon Musk thinks that Tesla stock is overvalued. He's said that every time he says that the price goes up, he has no control over it either.
- ushakov 5y agobut if the price doesn't go up he'll get margin called and would have to sell tesla
- maxwell86 5y agoTesla shipped 900k cars in 2021. That’s extreme growth from 2020. If they grow they same this year, by the end of it, they’ll sell more than any other automaker, and if they continue into 2023, they might end up selling more than all other automakers combined. Leaving this aside, there is also the idea that Tesla is a battery company that just happens to put them mostly on cars. So there could be massive growth beyond that. Then you check Ford, and it sells less cars each year. So Tesla valuation is huge, with the expectation of it taking over the whole automotive market by 2024… The moment this expectation disappears, it’s price will correct itself.