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Tesla sold 1.8 million cars last years, they do know how to make products that people like. And they don’t sell for 100K anymore but more like $40K
by mgiannopoulos 2y ago
Tesla sold 1.8 million cars last years, they do know how to make products that people like. And they don’t sell for 100K anymore but more like $40K
- taylodl 2y ago> Tesla sold 1.8 million cars last years And yet that just barely puts them in the top 10 of automakers in terms of number of cars sold - yet their market capitalization was greater than all the automakers in the top 10 combined. Those are the financial fundamentals I'm talking about when I say Tesla's stock is overvalued. The "tech people" who wanted a Tesla have already bought a Tesla (or two). It remains to be seen as to whether Tesla will maintain their dominant lead over the other automakers in the EV segment as the market expands to mainstream buyers.
- mgiannopoulos 2y agoStock valuations are based on future growth. See valuations in the billions for AI startups.