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by raw_anon_1111 208 days ago
He’s a hype man. Tesla is a meme stock and always has been. There is no objective valuation that Tesla should be valued as highly as it is. The future projected revenue and definitely not the current revenue support it. Sales popped right before the EV credit is going away. But at most that is probably a dead cat bounce.
1 comments
WalterBright 208 days ago
He essentially invented the electric car industry. E cars before then were impractical and failures.

> There is no objective valuation

Value investing is Warren Buffett's style, which is generally a backwards looking approach. It's not good at predicting transformative technologies. Such was no good at predicting the success of, say, Apple, Microsoft, Amazon, Facebook, etc.

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raw_anon_1111 208 days ago
Okay. He invented it. So what? Other companies are selling more and the first mover advantage is moot.

And the other examples you ara giving…

Apple’s valuation went up as it was clear that Apple had a sustainable advantage and was going to see increasing revenues and profits going forward. Where are the companies that invented the modern smart phone?

Microsoft has a sustainable advantage that hasn’t been challenged in over four decades with operating systems, office apps and later cloud services. But their stock was in the doldrums in the 2000s when investors didn’t see a sustainable advantage with increasing revenues

Meta has also been volatile when investors didn’t see a sustainable advantage.

Amazon also has a moat

What does Tesla have?

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WalterBright 208 days ago
> What does Tesla have?

It does more than cars. It's in the solar energy business, the grid scale battery business, AI, FSD, robotics, a global network of superchargers, home battery systems, etc.

Tesla shareholders voted to offer him a $1t compensation package over the next decade, provided he meets certain targets.

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raw_anon_1111 208 days ago
Yeah - and how are any of those other bets doing? The shareholders only voted for him to keep their meme stock afloat.

Again what is their moat? Waymo is much further along with self driving, they are a very distant also ran in AI and absolutely no company is going to choose them over anyone else, and their supercharging network is more anemic than you think it is in the vast majority if the US let alone the world.

China has shown its very capable when it comes to battery technologies and they have most of the rare earth minerals needed.

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