Tesla most valuable automaker in the world
Discussion
p1stonhead said:
vikingaero said:
Maybe Teslas long term goal is NOT to be a car manufacturer, but a patent holder of EV tech licensed to 101 and sundry.
Didn’t he do the exact opposite of that and release his parents to everyone?vikingaero said:
p1stonhead said:
vikingaero said:
Maybe Teslas long term goal is NOT to be a car manufacturer, but a patent holder of EV tech licensed to 101 and sundry.
Didn’t he do the exact opposite of that and release his parents to everyone?To be fair, they are ahead because no one has really bothered to try and challenge them. They had a massive head start and it’ll remain for a good while yet.
Still shouldn’t be anywhere near their valuation though.
I sold their shares when they went mental in January I think it was for $900 each. Then they dropped to $300 and are now back to $1100. It’s just gambling st this point. There is no logic to it.
This all reminds me of the dotcom boom and crash at the turn of this century. Companies being valued excessively high based on future worth that never materialised. Billions of investment being lost, because the infrastructure wasn't there to support the tech, and consumers weren't ready or were too wary. Of course, some did succeed and go on to be huge businesses and pioneers in their field.
Tesla on the other hand, have the future of the planet on their side and I would expect plenty of investment to take them through to profitability. If the cash does run out tho, who knows? Does anyone know how much of his own Paypal etc cash Elon has invested, or is he risking other people's money?
Tesla on the other hand, have the future of the planet on their side and I would expect plenty of investment to take them through to profitability. If the cash does run out tho, who knows? Does anyone know how much of his own Paypal etc cash Elon has invested, or is he risking other people's money?
TwigtheWonderkid said:
Facebook & Twitter make pots of money. Tesla doesn't. Ultimately, companies are in business to make money. Doesn't matter if it's Tesla or the local corner shop. Turnover for vanity, profit for sanity. Enron were turning over billions, but my window cleaner was making more profit. hence he's still in business.
Sure, a company dealing in new technology can have a high valuation despite lack of profit due to optimistic projections. But Tesla have been going 10 years now and haven't mastered the ability to make a profit. I don't care how glamorous they are, to quote Duncan Ballintine, I'm ooot.
Plenty of companies make loss for a long time during expansion phases. Going from nothing to a wide range of models that are (relatively) big sellers will never be profitable. The risk is if the money runs out to cover that expansion period, but so far with Tesla it doesn't look like it (partly due to the cult following). Some of the comments seem similar to the Facebook threads many years back on PH. Lots of people posting over years saying it would be a failure etc, others made huge profits having invested in it over that time. Not saying it will be the case, but here they are massively popular (Norway where EV is king now) and have a huge following from people who never would have normally been car people. Sure, a company dealing in new technology can have a high valuation despite lack of profit due to optimistic projections. But Tesla have been going 10 years now and haven't mastered the ability to make a profit. I don't care how glamorous they are, to quote Duncan Ballintine, I'm ooot.
RobDickinson said:
Again missing the point.
Is the point Elon wants to pay himself £40Bn from a company that hasn't turned a profit?https://www.theguardian.com/business/2020/jun/30/t...
vikingaero said:
p1stonhead said:
vikingaero said:
Maybe Teslas long term goal is NOT to be a car manufacturer, but a patent holder of EV tech licensed to 101 and sundry.
Didn’t he do the exact opposite of that and release his parents to everyone?If my understanding is correct that is.
It's why many haven't been rushing out to go use them (though some definitely have now, I remember reading that even after a year of the patents being released, no one knew anyone that has used them).
People like Toyota aren't going to bother. They're patent monsters all on their own (I have no idea what they do all day, or what they're inventing, but they file an extraordinary amount of patents compared to just about everyone else).
Canute said:
I think the UK perspective is a little behind other countries, here in Scandinavia Tesla is everywhere and must be doing really well. We have EV charging stations even in my small village of less than 2000 people, solar and wind is also huge here.
They have a head start but that doesn’t justify their valuation. Tesla was $400 3 months ago. Nothing has happened to justify a tripling of the share price since then.
A few weeks before it was $400? Oh yes it was $1000......
People pumping the share price up and down are simply trying to get rich.
This company is apparently worth more than Disney or Coke. But you don’t have to worry about their share prices halving in a matter of weeks.
But you also can’t get rich quick on Coke or Disney.
Don’t get me wrong, there is nothing wrong with a punt - TSLA actually made me several thousand quid over the past year or so. But let’s not pretend it’s anything to do with the actual value of the company at the moment.
Edited by p1stonhead on Thursday 2nd July 21:57
Gweeds said:
FourWheelDrift said:
Yep, underneath the surface they are both very poorly made.
Not actually true though is it. Canute said:
I think the UK perspective is a little behind other countries, here in Scandinavia Tesla is everywhere and must be doing really well. We have EV charging stations even in my small village of less than 2000 people, solar and wind is also huge here.
Recent Norway numbers look like the EV competition is stomping all over them, mostly E-Tron? Market has moved on? 
RobDickinson said:
Tesla stock up 20% since the start of the thread and they've increased QoQ sales despite covid.
Yet you morons resort to insulting me rather than listening.
When covid kicked off they dropped to $350, not long before that they were at $900 and around that time Musk tweeted the share price was too high. Yet you morons resort to insulting me rather than listening.
It just doesn’t feel like their valuation is attached to reality.
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