I’ve always said that, how can be Tesla valued more than several worlds largest car makers combined. Car makers far more reliable and on track than bullshit Tesla.
On paper, companies with a high P/E ratio can be justified by expecting their profit is going to skyrocket in the future.
You could maybe sorta argue that for Tesla a few years back. Even if you did, the Cybertruck debacle, Elon firing and unfiring the supercharger network people, and other antics of his, should convince you otherwise.
There’s just no way to justify it anymore, even assuming there ever was. The fascade is gone and even if the company finds a stable footing, the stock still has a long way to drop.
Not that I’m a Tesla apologist, but keep in mind they are more than just a car company. Also in their portfolio:
Solar panels
Residential power storage (Powerwalls)
Commercial/utility grade power storage (Megapacks)
Vehicle insurance
SuperCharger network
Robotics
Granted, things like robotics are clearly mostly hype at this point, but they have sold & service Megapacks in countries including the US, Canada, and Australia. Their Supercharger network is also seen as a valuable asset given it’s really the only highly reliable nationwide one. Add to that the fact that it’s now an open standard that other EV companies are adopting, and non-Tesla EVs can now charge at many Supercharger stations, and the value of that asset can’t be understated.
I have no idea what the Tesla EV revenue is compared to all this other stuff, but it’s all likely helping boost the value one way or another…
I’ve always said that, how can be Tesla valued more than several worlds largest car makers combined. Car makers far more reliable and on track than bullshit Tesla.
On paper, companies with a high P/E ratio can be justified by expecting their profit is going to skyrocket in the future.
You could maybe sorta argue that for Tesla a few years back. Even if you did, the Cybertruck debacle, Elon firing and unfiring the supercharger network people, and other antics of his, should convince you otherwise.
There’s just no way to justify it anymore, even assuming there ever was. The fascade is gone and even if the company finds a stable footing, the stock still has a long way to drop.
Is the supercharger network worth more than the vehicle building business? Akin to owning “the gas stations of the future”?
Not that I’m a Tesla apologist, but keep in mind they are more than just a car company. Also in their portfolio:
Granted, things like robotics are clearly mostly hype at this point, but they have sold & service Megapacks in countries including the US, Canada, and Australia. Their Supercharger network is also seen as a valuable asset given it’s really the only highly reliable nationwide one. Add to that the fact that it’s now an open standard that other EV companies are adopting, and non-Tesla EVs can now charge at many Supercharger stations, and the value of that asset can’t be understated.
I have no idea what the Tesla EV revenue is compared to all this other stuff, but it’s all likely helping boost the value one way or another…