| > So if you buy into this then the stock is justified. Tesla was not incorporated yesterday, they are a 20 years old company, still they are in the making promises phase. In the same timeframe Amazon completely disrupted the way we buy things, Microsoft put a PC on every desk, Google became the way the world searches for information and Facebook revolutionized the way we communicate. I think it's time to admit to ourselves that this guy is just a wannabe influencer/politician. Among the 500 companies in the S&P500 if Tesla disappeared tomorrow it would be the one whose demise would be felt the least by the American consumer, that shouldn't come as a surprise because frankly speaking the target demographic of Tesla and its CEO aren't consumers who buy products to improve the quality of their own lives. It's a weird mix of financial speculators, cryptobros, people who feel the need to be part of something bigger than themselves, and virtue signalers. It's a pity that such experiment cannot be performed, Walmart sold 600B worth of products last year, Amazon 400B, Berkshire has 800B worth of insurance premiums AUM. Diappear those companies and then let's see if people are still so eager to pay attention to mr. Musk and his absurd claims and social media trolling/bullying. |
The valuation is questionable but saying he is just a wannabe politician / influencer is factually incorrect.