[miohtama]

It's a valid point. But the markets are a harsh mistress. If you don't like fallacies, you don't buy. And if you think the number is not going to go up, you can always short the stock.

In defence of Mr Musk, despite his character flaws, Tesla is the only Western electric car company in the top 20, and this includes Korea and Japan. Also, SpaceX is ~90% of the world's commercial rocket launch capacity.

But this does not mean SpaceX would be correctly priced at the moment. It may be expensive, but SpaceX is going to have many years to come to reap the benefits of their hard work building the business.

[8note]

> Tesla is the only Western electric car company in the top 20, and this includes Korea and Japan

id attribute that to the US government rather than musk?

same with the resuable rockets.

american taxpayers have been screwed over by doing these things as money to musk vs just building it

[jeltz]

> Tesla is the only Western electric car company in the top 20

WV is number 6 in the top 20, and BMW is number 10. And while Tesla has good sales now their lack of innovation is a huge risk.

https://www.blackridgeresearch.com/blog/list-of-global-top-e...

[lindig]

> In defence of Mr Musk, despite his character flaws, Tesla is the only Western electric car company in the top 20, and this includes Korea and Japan. Also, SpaceX is ~90% of the world's commercial rocket launch capacity.

This conflates the quality of the product with the value of the business. There is no contradiction between Tesla cars selling well because they fit a market and Tesla the business not being a good investment.

[groby_b]

> you can always short the stock.

Which is going not too badly for the shorts, so far. There's a reason almost 50% of the float is loaned out.

We'll see once the earnings call rolls around.

[rabf]

Possible that a lot of those shorts are by early SpaceX investors who want to lock in a specific price before their share lockup period ends.