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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
by 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.