3 ms·
Most of Tesla's value is not actually Tesla, but it's an investment in Elon Musk, and treated more as a moonshot investment then a car company. So it's grossly
by dubcanada 3y ago
Most of Tesla's value is not actually Tesla, but it's an investment in Elon Musk, and treated more as a moonshot investment then a car company. So it's grossly higher then your average car company.
But we could be in a bubble, the key is bubbles can last for years.
- cduzz 3y agoOn the face of it, "How can Tesla have 2x the market cap of Toyota?!?!" sounds pretty sane. Tesla owns its dealership / sales network; what's the value of those "dealerships"? Similarly tesla runs a huge charging network and has convinced every other manufacturer to switch to their network (in North America). And tesla makes a bunch of power generation / distribution stuff. So "a car company" is incomplete. They also have tons of willing beta testers / AI trainers to go out and train their self driving model -- any tesla out there is collecting driving data and is getting trained by observing the driver's driving and comparing it to "what I'd have done" driving; not sure they'll ever get to "self driving" but there's some value there. Tesla's also run by a drug addled risk addicted narcissist. He's pretty smart and has made a bunch of terrifying large bets that have consistently (cough except solar city and maxwell's dry cell battery stuff, and that eggs / stormfront thing) paid off pretty good.