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They did it at a 5x multiple. They can cover the loan as long as Tesla stays above 203.

• hef19898 5y ago
  Was a similar loan among the reasons why a Tesla "bankrupcy" a couple of years ago wasn't that unlikely? It seems that the 203 $ are a reasonable valuation.
• dehrmann 5y ago
  That would be a bit lower than Toyota's value. Toyota sold 10.5M vehicles last year. Tesla sold 930k. Yes, Tesla's growth is solid, but the valuation is because of the true believers. I avoid investing in anything Elon touches because valuations get weird.
  • logifail 5y ago
    > Tesla's growth is solid, but the valuation is because of the true believers I'm really not what you'd call a believer in Tesla - although had my first ever ride in a one (a model 3) recently, quite an eye-opening experience. It's not as thought Tesla is the only company where the current valuation doesn't appear to make much sense looking at the numbers...
    • EtienneK 5y ago
      > eye-opening experience How so? I've had rides in Model S's before and it was totally... fine? What made the Model 3 experience so much better than a conventional car?
      • logifail 5y ago
        > I've had rides in Model S's before and it was totally... fine? What made the Model 3 experience so much better than a conventional car? I didn't actually say "better", but it was certainly a novel experience since I'd never been in an EV of any kind! The lack of engine noise coupled with the acceleration, somewhat mind-blowing. I'm not convinced that any current EV - never mind any Tesla - is yet a good fit for a family such as ours, but I look forward to the day when there is such a choice of vehicle.