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Were people overpaying 30% for tesla in 2010?
by jgbuddy 6mo ago
Were people overpaying 30% for tesla in 2010?
- croes 6mo agoYes, and they still do
- lotsofpulp 6mo agoTesla's highest market cap in 2010 was $3.3B. Tesla has more net income, sometimes multiples more, per year, from 2021 to 2025. For comparison, it is routine to see sale prices of 3x to 5x revenue for many, many kinds of everyday businesses that have much less potential than Tesla. There are very, very few businesses whose shares one could have purchased in 2010 that performed better over the subsequent 15 years. That is about as objective as one can get about determining whether or not something was under or over valued (in 2010).
- croes 6mo agobecause not only the shareholders overpaid but the car buyers too.
- arein3 6mo agoIs musk derangement syndrome a thing?
- malfist 6mo agoNo.
- scottyah 6mo agoYes, and it makes much less sense to me. It boils down to he's rich on paper, and doesn't put on a fake PR mask.
- arein3 6mo agoOnce you see it, it's preety funny how these people pick weird little hills to die on.
- scottyah 6mo agoSociety seems a lot more full of people trying to broadcast who they are from their opinions on stuff instead of what they've done.
- croes 6mo agoSociety seems to favor sociopaths who destroy everything for their own benefit. Do you think DOGE has done something good or did it just help authoritarians to dismantle opposition? Since Musk, Trump, Thiel & Co. started to implement their vision of a society the world turned to the worse. And they won‘t be the one who habe to endure the harsh consequences
- jgbuddy 6mo agoBingo!
- croes 6mo agoLet’s ignore things like the pedoguy incident and his ridiculous defense it was South African slang. Or how he helped dismantle USAID which leads to real death of people. You’re being spoiled with not having a fake PR mask. He‘s just spared from real consequences because of his wealth. As soon as real consequences are at the horizon that changes pretty quickly. It just happens too rarely.
- arein3 6mo agoNot having a PR mask is because he doesn't care about cancel culture. I like that. Cancel culture needs to stop, we are not a hive mind, everyone has different opinions.
- NoLinkToMe 6mo agoA few facts: 1. Tesla was priced at $2.5b end of 2010. 2. Tesla started production that year of the model S, with nearly 500km range and 0-100 in 4.4 seconds, still competitive 16 years later. It was an obvious disruption of a proven market. 3. that car market was valued at half a trillion at the time. So Tesla being valued at 0.5% of the market, with disruptive technology, seems fine. Of course it was a moonshot, but hindsight is 20/20. But what is the total market here that it's stepping into? Seems like SpaceX is servicing the majority of the market for years, yet it just has 16 billion revenue. How that gets you to 1.75 trillion, I don't know.
- dh2022 6mo agoHumanoid robots and lots of memes (this post has only 50% sarcastic content)