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https://www.macrotrends.net/stocks/stock-comparison?s=net-income&axis=single&comp=TM:TSLA
Is there a reasonable explanation for this, or is it a complete bubble?
That would be my guess.
Basically, people buying TSLA stock believe future sales will be larger than Toyota.
Because stock prices reflect future earnings, not past earnings. Basically, people buying TSLA stock believe future sales will be larger than Toyota.
Perhaps because Tesla is less bloated? Buying shares in an old big corporation feels like hiring the Vogon bureaucrats while investing in Tesla and SpaceX seems like paying young smart people for getting up-to-date things done.
Is that simply a perception you think many might investors have? Tesla has lost money every year, while Toyota has showed substantial profit. Without knowing anything else about these companies, an outside observer might think Tesla was the "bloated" of the two.
Model Y, Semi, Truck and Model 3 will being in 5x the revenue, RoboTaxi, Lv5 AV coming in anytime, Tesla has the largest Battery Manufacturing Plant on the Planet, Tesla has 5 years lead in Battery Production, SolarCity taking over Solar Energy production, Elon Musk.....
But Yes... I still dont understand how on earth is it worth $200B.
Because stock prices reflect future earnings, not past earnings. Basically, people buying TSLA stock believe future sales will be larger than Toyota.
Many of them believe that Tesla stock will somehow get them a piece of spacex. Many more are just following the price.
Why would owning Tesla gets your SpaceX?
From my limited perspective it sure looks like there's so much play money seeking return that "brand recognition" is the only real reason to choose between one offering and another.
Seems insane to me. For some time its been my opinion that "the markets" weren't connected to any reality I can see. From my hilltop in the woods I don't see far; so that doens't necessarily signify much. From my limited perspective it sure looks like there's so much play money seeking return that "brand recognition" is the only real reason to choose between one offering and another.