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Energy is a tiny part of Tesla. Auto revenue was $19B last quarter, energy and storage was $1.5B.
by ianburrell 3y ago
Energy is a tiny part of Tesla. Auto revenue was $19B last quarter, energy and storage was $1.5B.
- andsoitis 3y agoYes, which is why I also said they sell the #1 selling car in the world. I was responding to someone who said their valuation is based on FSD.
- hef19898 3y agoThere was a time VW sold more cars in a year then Tesla did in its entire history (they still do by the way, a lot more), had the best selling car in the world, the VW Golf, for years in a row, was profitable, on its way to surpase Toyota as the biggest car manufacturer by units sold and had nowhere near the multiples in the valuation that Tesla has. So no, having the best selling car is by no means a reason Tesla share prices are where they are.
- ianburrell 3y agoToyota has four of the top ten selling cars and is worth $290B. Tesla has two and is worth $792B. Tesla the carmaker is a valuable company but not more than Toyota. You could make the argument a few years ago that Tesla was only electric car maker and would capture the market as it grew. But now lots of companies make electric cars. Electric cars are booming, Tesla is growing fast, but they are losing market share.