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And yet today BWM's marketcap is about $70bn (~53bn Euros) vs Tesla's $690bn. Is there really 10x the potential? Edit: My formulation is confusing. I meant whe
by linuxhansl 2y ago
And yet today BWM's marketcap is about $70bn (~53bn Euros) vs Tesla's $690bn.
Is there really 10x the potential?
Edit: My formulation is confusing. I meant whether folks really think that Tesla will eventually have 10x BMW's revenue.
- ddulaney 2y agoI’d suggest that Tesla is high rather than BMW being low. It’s the only way for a normal person who is a Musk fan to buy into any part of his empire, so you have demand from people who are Musk fans and express that fandom by buying stocks.
- linuxhansl 2y agoSorry, that's what I meant, but formulated badly... Do people really think that Tesla has a 10x future revenue upside compared to BMW.
- leesec 2y agoNo theres about 100x
- rootusrootus 2y agoTesla has a market cap twice what Toyota does. They have a P/E ratio over 60, vs about 7 for Toyota. Clearly the market thinks Tesla's future is not as a car company, because compared to literally every other car manufacturer they are wildly overvalued. My personal opinion is that TSLA has only one direction to go for a while. Down. Nothing about the business supports the market optimism. Not that I'm going to run out and short the stock, mind you, that old adage about how long the market can stay irrational seems very on point in this case.