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Yet Tesla market cap is four times that of Toyota's. Unbelievable. I had to stay out of TSLA after the first year or so because the valuation made no sense to
by tejohnso 1y ago
Yet Tesla market cap is four times that of Toyota's.
Unbelievable.
I had to stay out of TSLA after the first year or so because the valuation made no sense to me. Other than a FOMO / YOLO play like BTC.
I'm shocked that the valuation continues to remain so high after so many lies and mediocre results. Was the Cybertruck a success? There definitely are not a million Tesla robotaxis on the road as Elon suggested there would be by 2020.
- neepi 1y agoP/E ratio says meme stock all over it. Private equity are pulling out. They are selling off to ETFs (who don't care) and bag holders.
- tejohnso 1y agoWell, I heard Cathie Wood refer to Tesla as the largest AI project in the world. So if you think of it that way maybe the sky's the limit. She seems 100% certain that people will be earning money renting out their Teslas as robotaxis in the next few years. But it's a car company. Or not. Maybe. Whatever. I put it in the "too hard" pile.