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Not worldwide I guess... But I see so, SO many Teslas driving around, it's bizarre how far they got in such little time.

jqpabc123 1y ago
Tesla has been in business for over 20 years. Last year, roughly 90 million new light vehicles were sold worldwide. 1.8 million of these were Tesla --- about 2% of the total. Earlier this year, Tesla's market capitalization was $1.5 TRILLION --- more than virtually all the major auto manufacturers in the world COMBINED. Can you say, "Ridiculously over priced"?
- skygazer 1y ago
  It's not overpriced for a meme stock.
- const_cast 1y ago
  This type of stuff makes me feel so uneasy with our entire economy. I mean, is anything real or are we just making stuff up and then making more stuff up to justify why it's okay? How can a company's valuation have seemingly no tie at all to how they're doing as a company? Just on the surface that seems absurd. But that's not even my concern - my concern is that this happens and nobody seems to care. As if there's very real exploits in our financial markets and nobody seems to bat an eye. Just the fact Tesla has somehow managed to do this should be making us uneasy! But then again, I don't understand the stock market, and nobody understands the economy, so I guess it's fine.
- seanmcdirmid 1y ago
  > Tesla has been in business for over 20 years. The model 3 didn't come out until 2017. Before that, Tesla only made niche Model X/S cars. That was a huge run up in just 8 years, who knows if that would have kept going if Musk didn't make the mistake of binding himself to Trump.
more_corn 1y ago
Most of the teslas I see have a sticker on them “Vintage pre insanity Tesla” or simply an anti “Elon” with a red strike through. It’s interesting that Bloomberg makes no mention of the intense backlash to Elon’s Nazi salute and other recent antics.
- AlecSchueler 1y ago
  Mentioning it would make them "hostile and political."

jqpabc123 1y ago

Tesla has been in business for over 20 years. Last year, roughly 90 million new light vehicles were sold worldwide. 1.8 million of these were Tesla --- about 2% of the total. Earlier this year, Tesla's market capitalization was $1.5 TRILLION --- more than virtually all the major auto manufacturers in the world COMBINED. Can you say, "Ridiculously over priced"?

skygazer 1y ago
It's not overpriced for a meme stock.
const_cast 1y ago
This type of stuff makes me feel so uneasy with our entire economy. I mean, is anything real or are we just making stuff up and then making more stuff up to justify why it's okay? How can a company's valuation have seemingly no tie at all to how they're doing as a company? Just on the surface that seems absurd. But that's not even my concern - my concern is that this happens and nobody seems to care. As if there's very real exploits in our financial markets and nobody seems to bat an eye. Just the fact Tesla has somehow managed to do this should be making us uneasy! But then again, I don't understand the stock market, and nobody understands the economy, so I guess it's fine.
seanmcdirmid 1y ago
> Tesla has been in business for over 20 years. The model 3 didn't come out until 2017. Before that, Tesla only made niche Model X/S cars. That was a huge run up in just 8 years, who knows if that would have kept going if Musk didn't make the mistake of binding himself to Trump.

more_corn 1y ago

Most of the teslas I see have a sticker on them “Vintage pre insanity Tesla” or simply an anti “Elon” with a red strike through. It’s interesting that Bloomberg makes no mention of the intense backlash to Elon’s Nazi salute and other recent antics.

AlecSchueler 1y ago
Mentioning it would make them "hostile and political."