4 ms·

Because it sells the world's best selling car at a high margin? And is double the price of the Toyota Corolla it dethroned. https://electrek.co/2023/05/25/tesl

Because it sells the world's best selling car at a high margin? And is double the price of the Toyota Corolla it dethroned. https://electrek.co/2023/05/25/tesla-model-y-is-now-the-worlds-best-selling-car-first-ev-to-do-so/ https://electrek.co/2023/05/25/tesla-model-y-is-now-the-worl... If one gets news about Tesla only from HN then it does seem Tesla is ridiculous, because only negative stories tend to get upvoted and positive ones buried.

toomuchtodo 3y ago
They are also backlogged 18-24 months for their utility scale storage. There is substantial demand for every unit manufactured.
rcxdude 3y ago
Still doesn't justify its valuation. Tesla is very far from worthless but nowhere near worth its stock price.
- diebeforei485 3y ago
  > Tesla is very far from worthless but nowhere near worth its stock price. Stock price is based on future expectations, not past value. Tesla is still growing very fast.
- pseg134 3y ago
  Do you know there is a much better place to express this opinion than a message board?
  - andybak 3y ago
    The market can stay irrational longer than you can stay solvent.
koyote 3y ago
It's got the number 1 spot by a small margin and Toyota has spot 2, 3, 4 and 5 (https://www.motor1.com/news/669135/tesla-model-y-worlds-best-selling-car-q1-2023/ https://www.motor1.com/news/669135/tesla-model-y-worlds-best...).
epolanski 3y ago
It still makes less money than any other of these automakers. Also margins have fallen like rocks, there's been 3 price cuts in one year. I can buy a tesla for less than a golf in Italy. Cars aren't great stocks. Low margins too much competition. jm2c
- HPsquared 3y ago
  It's a competitive market but also a really large one, people spend a LOT of money on their cars. Much more than they spend on iPhones or Netflix.
- belltaco 3y ago
  > It still makes less money than any other of these automakers. Source?
fomine3 3y ago
It's great that they can sell same model massively (so they can cut many costs for designing vehicle/factory/warehouse), but why don't you compare entire vehicle sales count? The article is too biased as it's electrek. Even if they compared entire sales count, it's growing.

toomuchtodo 3y ago

They are also backlogged 18-24 months for their utility scale storage. There is substantial demand for every unit manufactured.

rcxdude 3y ago

Still doesn't justify its valuation. Tesla is very far from worthless but nowhere near worth its stock price.

diebeforei485 3y ago
> Tesla is very far from worthless but nowhere near worth its stock price. Stock price is based on future expectations, not past value. Tesla is still growing very fast.
pseg134 3y ago
Do you know there is a much better place to express this opinion than a message board?
- andybak 3y ago
  The market can stay irrational longer than you can stay solvent.

koyote 3y ago

It's got the number 1 spot by a small margin and Toyota has spot 2, 3, 4 and 5 (https://www.motor1.com/news/669135/tesla-model-y-worlds-best-selling-car-q1-2023/ https://www.motor1.com/news/669135/tesla-model-y-worlds-best...).

epolanski 3y ago

It still makes less money than any other of these automakers. Also margins have fallen like rocks, there's been 3 price cuts in one year. I can buy a tesla for less than a golf in Italy. Cars aren't great stocks. Low margins too much competition. jm2c

HPsquared 3y ago
It's a competitive market but also a really large one, people spend a LOT of money on their cars. Much more than they spend on iPhones or Netflix.
belltaco 3y ago
> It still makes less money than any other of these automakers. Source?

fomine3 3y ago

It's great that they can sell same model massively (so they can cut many costs for designing vehicle/factory/warehouse), but why don't you compare entire vehicle sales count? The article is too biased as it's electrek. Even if they compared entire sales count, it's growing.