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The real criticism of Tesla is that there are about 65m cars sold per year now globally. If every one of those cars has $10k of profit (way too high, but for a
by RC_ITR 4y ago
The real criticism of Tesla is that there are about 65m cars sold per year now globally.
If every one of those cars has $10k of profit (way too high, but for arguments sake), that’s $650bn of profit per year.
When a single company with less than 1% share of sales has a market cap higher than the entire theoretical annual profits of an industry, that implies an insane amount of speculation (about things like Robo taxis and insurance, etc)