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Did you check Tesla valuation to put up against those revenues ? Even after the recent plunge (it's only a beginning) it's valued at $460B. $6-12B of best cas
by TheAlchemist 3y ago
Did you check Tesla valuation to put up against those revenues ?
Even after the recent plunge (it's only a beginning) it's valued at $460B.
$6-12B of best case projected revenue, with low margins, by 2030 is meaningless for a company with this kind of valuation, to say it politely.
Tesla valuation was justified by a myriad of promises from Musk, and analysts that started to believe that sales of EVs will grow by 50% each year for the next 10 years.
- bdcravens 3y agoMarket cap isn't the same thing as revenue. Their annual car revenue is somewhere in the neighborhood of $100B a year, which still is the lion's share, but anything that generates 5-10% of revenue isn't something to ignore, especially when you have a couple of those. Apple's Mac sales are only 15% of their iPhone revenues, for example.