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Absurd headline. It's still WAY too overpriced to conclude that investor consensus is that it's just a carmaker. Market cap has a long way to fall before that
by anonporridge 4y ago
Absurd headline.
It's still WAY too overpriced to conclude that investor consensus is that it's just a carmaker. Market cap has a long way to fall before that conclusion holds.
- warinukraine 4y agoExactly. Tesla stock price should be looked at in a log plot.
- anonporridge 4y agoRegardless, it's still 10x overvalued if we're simply considering it to be a carmaker. It's currently 7x the value of Ford with a fraction of the production.
- fallingknife 4y agoFraction of production, but a multiple of profits, and a massive advantage in growth rate. Companies are priced on cashflow and growth rate, not production.
- panick21_ 4y agoTesla has a far better debt position, has far, far larger growth and is already making far more money then Ford. Not to mention the battery manufacture, super charger network and so on and so on. Saying that Tesla is a 'fraction of production' is just an incredibly ignorant analysis of a company.