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by pclmulqdq
2 days ago
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Yes, Tesla was ridiculous at the time, but Tesla’s valuation at the time is normal for tech companies these days. However, the main comparison, which Elon has been trying desperately to escape, is traditional automakers. If you compare how out-of-line Tesla’s PE and PS ratios are against Toyota and other car makers, it’s about the same ratio as SpaceX to tech companies today. |
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