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Panasonic sells its $3.6B Tesla stake

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Re: Panasonic sells its $3.6B Tesla stake

#61

Post by noveltyaccount »

TX0098812 wrote: post #35

Can anyone explain how Tesla can be valued so high? They're valued twice as high as Toyota at around 1/12 the profits of Toyota. P/E is almost 600 so they'd have to overtake Toyota's profits by a significant margin to justify their valuation. So far this looks like pure hype. However... they are way ahead in terms of technology in a number of areas and I guess they could also make money from things like their super c…

Two thoughts: 1) the stock market is irrational and FOMO bubbles go to the moon 2) the market is perfectly rational and perfectly prices in future considerations; Tesla isn't an automaker, they're an energy company with tons of upside ahead.

¯\_(ツ)_/¯

Re: Panasonic sells its $3.6B Tesla stake

#62

Post by adolph »

agloeregrets wrote: post #29
toomuchtodo wrote: post #20

Earlier quoted context omitted.

Take a long distance road trip with an EV without Supercharger access. Report back.

Superchargers are better on average. But the US Electric Canonball run record is NOT held by a Tesla. It's getting there.

Kyle Connor, from the Out of Spec Motoring YouTube Channel, took a Porsche Taycan across the country on December 31 and set a new electric Cannonball record with a time of 44:26. This beats the previous record set by Connor and his team in a Tesla Model 3 by almost an hour.

https://cleantechnica.com/2021/01/12/porsche-taycan-beats-te...

Re: Panasonic sells its $3.6B Tesla stake

#63

Post by Closi »

JPKab wrote: post #39
FartyMcFarter wrote: post #18

Earlier quoted context omitted.

> it got way bigger. It's still unclear whether this is due to fundamentals like the ones you mention, or just an irrational stock market. Now that more and more companies are coming out with their EVs, the truth might become clearer.

As a recent owner of a model 3, I've been blown away by the charging infrastructure advantage. The non-Tesla chargers near me in Colorado are just plain garbage. Sometimes, they work great, but other days I go back and the terminal won't function. And currently, these chargers are all the owners of non-Tesla EVs have. I'm actually surprised there isn't a legal push by Congress to force Tesla to open up their charging…

> I'm actually surprised there isn't a legal push by Congress to force Tesla to open up their charging infrastructure to others.

There is in some other countries. IMO the supercharger network is a short-term competitive advantage but probably not a sustainable one as other companies move in.

Re: Panasonic sells its $3.6B Tesla stake

#64

Post by adolph »

moistbar wrote: post #23
Aperocky wrote: post #14

Earlier quoted context omitted.

Maybe market share, but I can't see how the argument goes for technology or infrastructure. As of now, none of the auto-driving tech is acceptable to go hands free, people have tried it and paid with their lives. The only difference between Tesla and traditional companies is that Tesla didn't seem to mind people testing unproven techs with their lives while the other manufacturers are more restrictive.

Their charging infrastructure is by far the best out there, even if it is a proprietary standard.

> proprietary standard

???

Re: Panasonic sells its $3.6B Tesla stake

#65

Post by codeulike »

lmilcin wrote: post #57
avelis wrote: post #16

Earlier quoted context omitted.

Yeah "dumping" a winning trade isn't dumping. It's taking profits to move onto other investments.

Dumping a winning trade is still dumping. It means you think you have won as much as there was to be won and you now have better uses for the money. This suggest you believe the stock is no longer as wortwhile as some alternative.

When Amazon sell you a printer or a book or a laptop, are they dumping it?

Re: Panasonic sells its $3.6B Tesla stake

#66

Post by airstrike »

FartyMcFarter wrote: post #3

It seems like a smart decision once you look at car companies' market caps: Tesla: $651 B Toyota: $288 B Volkswagen: $152 B Daimler / Mercedes: $99 B Ford: $60 B

Market cap isn't really a meaningful metric to compare across companies for most use cases. It certainly isn't a valuation metric.

Re: Panasonic sells its $3.6B Tesla stake

#67

Post by aeternum »

TX0098812 wrote: post #35

Can anyone explain how Tesla can be valued so high? They're valued twice as high as Toyota at around 1/12 the profits of Toyota. P/E is almost 600 so they'd have to overtake Toyota's profits by a significant margin to justify their valuation. So far this looks like pure hype. However... they are way ahead in terms of technology in a number of areas and I guess they could also make money from things like their super c…

The valuation reflects the idea that they eventually will overtake Toyota's profits significantly.

Toyota continues to focus on hybrids rather than EV. A questionable gamble.

Re: Panasonic sells its $3.6B Tesla stake

#68

Post by njharman »

TX0098812 wrote: post #35

Can anyone explain how Tesla can be valued so high? They're valued twice as high as Toyota at around 1/12 the profits of Toyota. P/E is almost 600 so they'd have to overtake Toyota's profits by a significant margin to justify their valuation. So far this looks like pure hype. However... they are way ahead in terms of technology in a number of areas and I guess they could also make money from things like their super c…

> So far this looks like pure hype.

So far, the last 5 years?

> better positioned for the future

Yes, they are a battery company. Positioned to capitalize on the end of the Fossil Fuel age.

Re: Panasonic sells its $3.6B Tesla stake

#69

Post by nscalf »

TX0098812 wrote: post #35

Can anyone explain how Tesla can be valued so high? They're valued twice as high as Toyota at around 1/12 the profits of Toyota. P/E is almost 600 so they'd have to overtake Toyota's profits by a significant margin to justify their valuation. So far this looks like pure hype. However... they are way ahead in terms of technology in a number of areas and I guess they could also make money from things like their super c…

Yeah, valuations also bake in expectations of future earnings. Beyond normal expectations, growth stocks like this and tech companies get big multiples. My theory is that retail investors behavior is more like angel investors with tech companies now. My guess on the valuation right now is that a huge amount of people think Tesla becomes the worlds largest car company and redefines the industry. I mean, they kind of already have redefined the industry, the only question left is how much of the change do they capture as value.
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