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by tbabb 3405 days ago
> I would propose viewing Tesla as an energy storage company

Yeah, I'd say it would not be unfair to compare future Tesla to a company like GE ($270B mkt cap).

Optimistic, but not irrational.

1 comments

I beg to differ - GE is not an energy company, it's a multinational conglomorate heavily involved also in a dozen other fields like oil&gas, aviation, healthcare, home appliances, finance, research and transportation.

GE Healthcare alone employs >40 000 people and does >4x the revenue of Tesla today.

Maybe if Tesla merged with SpaceX and also with five-six other large companies you'd be about right.

> GE is not an energy company

Fair enough (though I'd think the oil & gas you mention would count), but look at any energy company today and you'll see similar numbers. Another poster in this thread compares to Exxon; similarly favorable.

You may not think Tesla will make it there, and you might turn out to be right. But those that do are optimistic; not stupid.

Why stop at Exxon? You can also compare Tesla with Saudi Aramco and that would justify a multi-trillion valuation!