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Just a matter of time now. VW which is regularly vying for the biggest automaker slot, is currently going into their last generation of internal combustion. They're going to be offering 20 electric vehicles in just 5 years.
I think its overvalued Bro-hype myself. I'm not saying Tesla isn't a viable, long term player in the market. But they're the hot new thing and that's driving price a bit. Too much depends on them being able to get factories on line that make cars inexpensively; not an easy thing...
I think its overvalued Bro-hype myself. I'm not saying Tesla isn't a viable, long term player in the market. But they're the hot new thing and that's driving price a bit. Too much depends on them being able to get factories on line that make cars inexpensively; not an easy thing...
Eventually they're going to have to go cheap on manufacturing to make them more affordable. Like ICE have been doing with China components. See how that has worked out. Not a good idea on EV's. Count on more fires.
I think its overvalued Bro-hype myself. I'm not saying Tesla isn't a viable, long term player in the market. But they're the hot new thing and that's driving price a bit. Too much depends on them being able to get factories on line that make cars inexpensively; not an easy thing...
Exactly why the insane timeline of the Shanghai factory has impressed investors and been a big part of the stock boost.
It seems like this would only make sense if Tesla was also being valued as more than just an automaker, but those divisions are still a minority of Tesla's revenue.
Tesla's "worth" is based on speculation. Did we learn nothing from the tech boom of the late 90's?
Well, yea, that’s stocks for you. This latest run was strongly driven by speculation from people betting on Tesla collapsing. There was a lot of money put on shorting the stock and a lot of the short sellers have been scrambling to cover their positions which supposedly helps drive the stock even further up and then drives even more short sellers to cover their positions.
Tesla's "worth" is based on speculation. Did we learn nothing from the tech boom of the late 90's?
As is the case for many companies that are perceived to be at the beginning of a large growth curve. They trade on the growth prospects.
At least they have tangible numbers and have shown a quarterly profit.
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