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> 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 capi
by taylodl 3y 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 3y agoStock valuations are based on future growth. See valuations in the billions for AI startups.