Quote:
Originally posted by themack89
I'm wondering here if anyone has been following Tesla's stock?
What I see is $18 billion of market cap after they sold 5,000 cars for the quarter. Even at $70,000 a car, that is 51x quarterly revenues and/or trading at >665 times earnings (I don't know how to calculate when its negative, but it was -0.23).
That is a fuck ton of future value the market is pricing in. For perspective, Ford is valued at about $67bil, meaning Tesla is valued at 27% times that of Ford. Yes, Tesla is expanding into Asia and they figure thats where most of their sales will come from. Ford sold ~850,000 units last quarter in North America alone.
I am honestly in awe. Don't get me wrong, I think Elon Musk is a hero and he will continue to revolutionize the world more than he already has--I also think their product is great. But this is insane I think.
just another bubble like in 2000. People have no clue what to put money in because rates are 0 and real inflation is a concern. They're dumping their money into anything that moves. Stocks, houses, art, etc. This won't end well. Prices of anything now a day including Tesla stock has nothing to do with sound fundamentals.