Hacker News new | ask | show | jobs
by pclmulqdq 2 hours ago
We all said that about Tesla for years, and a lot of people got burned on the trade. This time may be different, but it also may not be.
2 comments

Tesla’s numbers looked vastly more reasonable.

“In 2025, SpaceX generated $18.7 billion in revenue, with its Starlink satellite internet service accounting for $11.39 billion, or 61% of total sales.”

Tesla had higher revenue number in at the start of 2019, when it had a market cap of ~0.06 trillion. Further Tesla was highly volatile in 2021 despite huge earnings growth with some people bank when it fell from 1.2T to 0.34T before recovering.

I also remember lots of people saying Uber wasn’t a $100B company.