[vanattab]

I mean I get what your saying and I agree that Elon's reputation and past success should skew the risk equation a little in Elon's favor. But the risk question is not "being stretched a little" is been completely thrown out. There is absolutely no logic to why a company that produced 100,000 cars/year for a total loss of 2 billion is worth 2x a company that produced 6,200,000 cars/year with total profits of 7.2 billion. (That is not even mentioning the 12 billion in cash reserves held by Ford). I love Tesla/SpaceX/Elon as much as the next millennial but I would not touch Tesla stock with a 10ft pole.

[panarky]

> There is absolutely no logic to why a company that produced 100,000 cars/year for a total loss of 2 billion is worth 2x a company that produced 6,200,000 cars/year with total profits of 7.2 billion.

A company's valuation is determined by expectations for the future.

[vanattab]

That is exactly my point! There is no reasonable expectation for the future that would justify investing the current valuation.

[wellboy]

Except that Tesla is the currently the strongest player to take the biggest market in history, autonomous driving with electric cars and Ford isn't.

[greglindahl]

The market can remain irrational for longer than you can remain solvent.

[loceng]

Everything is exponential. If most people are a 1 or 2, and Elon is a 3 - that's a huge lead/advantage that on an exponential scale puts him more than a little ahead.