Were people overpaying 30% for tesla in 2010?

NoLinkToMe an hour ago | parent | next [-]

A 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 29 minutes ago \| parent [-]
		Humanoid robots and lots of memes (this post has only 50% sarcastic content)

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croes 6 hours ago | parent | prev [-]

Yes, and they still do

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lotsofpulp 6 hours ago | parent | next [-]

Tesla'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 4 hours ago \| parent [-]
		because not only the shareholders overpaid but the car buyers too.

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arein3 6 hours ago | parent | prev [-]

Is musk derangement syndrome a thing?

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scottyah 4 hours ago | parent | next [-]

Yes, 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 4 hours ago \| parent [-]
		Once you see it, it's preety funny how these people pick weird little hills to die on.

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malfist 5 hours ago | parent | prev [-]

No.