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Yes just like every startup. “We had 1% of the market and grew to 2%. We doubled in the last year and are growing much faster than the incumbents”. In what ra
by scarface74 4y ago
Yes just like every startup. “We had 1% of the market and grew to 2%. We doubled in the last year and are growing much faster than the incumbents”.
In what rational world should Tesla have a PE of 20x GM?
- qaq 4y agoWe will pretty much know in the next few years. If they deliver 2 mil in 2023 and 4mil in 2024 that would be a very good indicator.
- scarface74 4y agoAnd that will still be less than 1/4 the number of cars that Toyota sells and won’t justify its valuation by any realistic criteria.
- qaq 4y agoToyota sells 10 mil The idea was that would show that trend holds at a large volume.
- bee_rider 4y agoIf they are priced like a startup and growing like a startup, that might indicate something crazy about how startups are priced, but it isn't unique to Tesla.
- scarface74 4y agoTesla is a public company, and if you haven’t checked, startups and recently public former unicorns aren’t doing too well these days.