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Their valuation is three times larger than Toyota, yet they manufacture only 10% as much cars a year. It’s still deeply rooted in hopes of future expansion and
by exitb 3y ago
Their valuation is three times larger than Toyota, yet they manufacture only 10% as much cars a year. It’s still deeply rooted in hopes of future expansion and innovations, lack of which they might not survive.
- FredPret 3y agoYou’re right that they have a juicy valuation. But it’s about number of dollars made, not cars. And on that metric Tesla is on par with GM and ahead of Ford. I don’t know about Toyota. https://valustox.com/F https://valustox.com/F https://valustox.com/GM https://valustox.com/GM https://valustox.com/TSLA https://valustox.com/TSLA
- peterfirefly 3y agoThey sold about 1/8 the cars Toyota did in 2022 but they also made about 8x the profit per car. And Toyota has a huge debt load whereas Tesla had money in the bank + was growing + FSD will Soon™ be here (and if/when it does, Tesla's profits will explode) + there's the energy business + there will probably be something like AWS for AI in a year or three.
- brtkdotse 3y agoYou forgot the dancing robot.
- peterfirefly 3y agoIt's gonna take a while before the robot does something useful. It's technically very impressive already but... not very useful. (Did you see the latest video? It's crazy how well the hands and fingers work -- and how plodding its walk still is. Even Joe Biden walks faster!)