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by diogocp 496 days ago
> What’s impressive about Tesla?

The fact that it's worth more than all the other automakers combined.

> the other manufacturers are catching up

Re-read what you wrote, and consider how preposterous it is that automakers founded more than a century ago are now "catching up" to a company that sold its first car in 2008.
4 comments
bdangubic 496 days ago
The fact that it's worth more than all the other automakers combined.

to justify this “vapor worth” Tesla would have to sell about 89 billion cars :)

…automakers founded more than century ago…

look-up when BYD was founded…

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mullingitover 496 days ago
> The fact that it's worth more than all the other automakers combined.

The South Sea Company was also stupendously valuable until it wasn't.

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selcuka 496 days ago
> The fact that it's worth more than all the other automakers combined.

"Tesla stock price is too high imo"

— Elon Musk (@elonmusk) May 1, 2020

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scarface_74 496 days ago
Well, Trump’s various meme coins also have a value…

But, using pricing fundamentals, can you really justify Tesla’s value anymore than OpenAIs?

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