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(Jalopnik)   At their current rate of growth, Tesla will be able to justify their stock valuation in the year 3621   (jalopnik.com) divider line
    More: Scary, Stock market, company's stock, Tesla's current price, stock market, Elon Musk, New Statesman, earnings ratio, trading apps  
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688 clicks; posted to Business » on 17 Jan 2021 at 7:53 PM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



37 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-01-17 5:22:51 PM  
Pedophile.
 
ZAZ [TotalFark]
2021-01-17 6:57:18 PM  
In the year 3621
Elon's car will end its run.
Grow your Dodge, grow your Audi too,
In the bottom of a big glass tube.
 
2021-01-17 7:53:35 PM  
Future PE is what matters.  Their Shanghai gigafactory is going to supply large swaths of Asia.
 
2021-01-17 7:54:07 PM  
this is just more lies from people wanting to short tesla

*jerking off motion*
 
2021-01-17 8:19:27 PM  

born_yesterday: Pedophile.


i.kym-cdn.comView Full Size
 
2021-01-17 9:00:49 PM  

Marcus Aurelius: Future PE is what matters.  Their Shanghai gigafactory is going to supply large swaths of Asia.


Yes.  That's called the PEG ratio.  Tesla is at 3.82.  1.0 is considered fair value.  Tesla is 3.82 times the forward earnings of its own projections.
 
2021-01-17 9:19:41 PM  
Homo Economus is a lie.
 
2021-01-17 9:41:19 PM  
Fark user imageView Full Size

Hmm, I don't know but something seems off with the valuation. Cant put my finger on it.

I mean I suppose it's possible that they will dominate the next decade or 2 and put other automakers to shame but if that's baked into the price already, then where does the stock have to go from here? They hold a promising future for sure but that's not a train I'm about to jump aboard. That goes for short selling too, way too many people are just throwing money at it trying to get a ride for me to take on that risk.

I've got nothing against Tesla but it doesn't take a short selling critic to question if the stock is overhyped. To anyone going long, I wish you best of luck, especially if you are a late buy in.
 
2021-01-17 9:52:38 PM  

keldaria: [Fark user image 375x364]
Hmm, I don't know but something seems off with the valuation. Cant put my finger on it.

I mean I suppose it's possible that they will dominate the next decade or 2 and put other automakers to shame but if that's baked into the price already, then where does the stock have to go from here? They hold a promising future for sure but that's not a train I'm about to jump aboard. That goes for short selling too, way too many people are just throwing money at it trying to get a ride for me to take on that risk.

I've got nothing against Tesla but it doesn't take a short selling critic to question if the stock is overhyped. To anyone going long, I wish you best of luck, especially if you are a late buy in.


Are all those companies revolutionizing the driving experience?  Are they setting presidence ?  Or are they churning out the same trash boxes that aren't worth 500.00 in 10 years
 
2021-01-17 9:55:39 PM  
"I've got nothing against Tesla but it doesn't take a short selling critic to question if the stock is overhyped. To anyone going long, I wish you best of luck, especially if you are a late buy in. "

Over hyped perhaps.  But really Tesla is the only way currently to invest in SpaceX and Starlink.  Both which have shown unbelievable innovation and success!!

Investors want Tesla for a myriad of reasons.  Car making is lower on my tier of importance!!  They could BUY any one of those car companies if they REALLY wanted to.  Wonder why they haven't??
 
2021-01-17 9:59:27 PM  
Elon Musk's CompaniesSpaceX (including Starlink)
Tesla (including SolarCity)
The Boring Company.
OpenAI.
Neuralink.

Guess how many companies most people own?  There is something here!
 
2021-01-17 10:13:04 PM  
I have done the calculations here before.

I will just summarize. Based on the PE I get today for their stock, Tesla will have to DOUBLE their EARNINGS year on year for about the next 8 years.

So if they can MAINTAIN their profit margin on sales, they will need to do that doubling of sales. That will require, well, 3 gigafactories last year, 6 this year, 12 next year, etc. Keep in mind that last year they had 30% year on year growth, so they are already pitifully behind in sales growth, production, etc. I also calculated that they would need to sell something like 250 million cars PER YEAR to make their earnings 8 years from now.

And ALL OF THAT is assuming that the stock price does not change in 8 years. If the price goes up, well, that just makes the whole proposition MORE ludicrous, or plaid, or whatever.

I will also add that a favorite trick of Enron to throw analysts off of their trail was to keep claiming that they were an x company, not a y company. Enron was a gas company, then an energy company, then a trading company, then an information company, etc. etc. Tesla is doing the same thing. It is trying to be everyone's floor wax and dessert topping.

None of this surprises me. Tesla investors do not read prospectuses or the balance sheet anymore. They are buying lottery tickets. Pretty well everyone knows it. As far as I am concerned, they have all been warned. They won't listen.

Mostly, I want to see what happens. People will be amazed at how much of the whole thing is just vapor. Very little intellectual property. No sales network. Very little in assets. It will just be a big ball of lawsuits and foreclosures and some auctions.

If that makes you sad, then don't believe me. Go have some fun.
 
2021-01-17 10:13:37 PM  

crackpancake: keldaria: [Fark user image 375x364]
Hmm, I don't know but something seems off with the valuation. Cant put my finger on it.

I mean I suppose it's possible that they will dominate the next decade or 2 and put other automakers to shame but if that's baked into the price already, then where does the stock have to go from here? They hold a promising future for sure but that's not a train I'm about to jump aboard. That goes for short selling too, way too many people are just throwing money at it trying to get a ride for me to take on that risk.

I've got nothing against Tesla but it doesn't take a short selling critic to question if the stock is overhyped. To anyone going long, I wish you best of luck, especially if you are a late buy in.

Are all those companies revolutionizing the driving experience?  Are they setting presidence ?  Or are they churning out the same trash boxes that aren't worth 500.00 in 10 years


Good questions, but completely irrelevant to Tesla's ability to back up their stock price by actually making money. There are a lot of revolutionary bankrupt companies.
 
2021-01-17 10:58:19 PM  

The Madd Mann: crackpancake: keldaria: [Fark user image 375x364]
Hmm, I don't know but something seems off with the valuation. Cant put my finger on it.

I mean I suppose it's possible that they will dominate the next decade or 2 and put other automakers to shame but if that's baked into the price already, then where does the stock have to go from here? They hold a promising future for sure but that's not a train I'm about to jump aboard. That goes for short selling too, way too many people are just throwing money at it trying to get a ride for me to take on that risk.

I've got nothing against Tesla but it doesn't take a short selling critic to question if the stock is overhyped. To anyone going long, I wish you best of luck, especially if you are a late buy in.

Are all those companies revolutionizing the driving experience?  Are they setting presidence ?  Or are they churning out the same trash boxes that aren't worth 500.00 in 10 years

Good questions, but completely irrelevant to Tesla's ability to back up their stock price by actually making money. There are a lot of revolutionary bankrupt companies.


Well said. And there are also a lot of revolutionary companies that made a lot of money, but nowhere near what Tesla MUST MAKE in order to justify the stock price it already has. Fundamentally, all of the magic and wow and fabulous is ALREADY BAKED INTO the Tesla stock price. It is ASSUMED. And people, real people, are just not that excited.

So buying it now and expecting it to go up for some fundamental reason is folly. If it goes up, it will be because people are doing herd behavior, speculative bubble, yadda yadda.

I have to say this. I suspect you find the same kind of media manipulation, disinformation, odd notions, co-opted pundits, fan rallies, and all the rest surrounding this company that you find with Q and the alt right. There is a  huge cohort of unsophisticated investors who are being led to the slaughter with this and other weird investment schemes. It  is all fun and games of course, until someone gets hurt. Thinking someone will not get hurt is the self-deceptive lie.
 
2021-01-17 11:48:56 PM  
Tesla stock is worth as much as it is because people believe in its future and buy its stock.
 
2021-01-18 1:38:30 AM  

crackpancake: Are all those companies revolutionizing the driving experience?  Are they setting presidence ?  Or are they churning out the same trash boxes that aren't worth 500.00 in 10 years


The Cybertruck is a meme.  The electric F-150 is an actual functional truck and the fleet sales for the electric F-150 and Transit van alone will make up most of Tesla's total sales numbers.  Both of those are due out next model year.

Tesla cars themselves have build quality issues.  The NHTSA issued a rare public request for Tesla to recall most of their vehicles sold between 2012 and 2018.  This is unusual because the NHTSA doesn't have to do issue those requests for most brands, but Tesla has been actively engaged in minimizing increasingly more public build quality issues and deflecting responsibility for said issues.  This is all "new tech" 101 behavior, but it doesn't really fly in a heavily regulated industry.  If the NHTSA has to actually force a recall, the stock impact will not be negligible, as the weight of regulation and burden of free maintenance is not currently factored in their stock price like it is in others.

GM has a contract with FedEx for their new electric fleet with deliveries this year.  GM already has successful electric vehicles on the market and the manufacturing infrastructure to support it, and has more consumer models in the pipeline.

Toyota can't keep the RAV4 Prime in stock.

Basically, there's plenty of reasons why Tesla is wildly overvalued and unsustainable, and competitors are catching up quickly and have far more robust dealership networks, maintenance programs, supplier pipelines, quality assurance, etc.  If Tesla wants to justify anything, it needs to build more cars than it currently does, build them better, and maintain them better.  If they don't, they'll just be another luxury brand with overpriced maintenance.  That doesn't drive stock value even if C-suite people want to drive them.
 
2021-01-18 2:05:19 AM  
I'll take "Irrational Exuberance" for $500.
 
2021-01-18 2:33:47 AM  

ImmutableTenderloin: Tesla stock is worth as much as it is because people believe in its future and buy its stock.


Tesla's market cap doesn't depend on anyone's belief in the company's future. Whether you hope to toss the hot potato to a bigger sucker before the inevitable crash, or you hold your nose and buy the S&P500, or you clap your hands and believe Elon can fly, a buy order is a buy order.
 
2021-01-18 5:38:48 AM  

crackpancake: Elon Musk's CompaniesSpaceX (including Starlink)
Tesla (including SolarCity)
The Boring Company.
OpenAI.
Neuralink.

Guess how many companies most people own?  There is something here!


SpaceX does not appear anywhere in Tesla's 10K. It is not remotely a part of Tesla.  You are not investing in SpaceX when you buy a share of Tesla.

You are also not investing in Square when you buy a share of Twitter, in case you were also confused on that one.
 
2021-01-18 7:29:03 AM  

Rapmaster2000: crackpancake: Elon Musk's CompaniesSpaceX (including Starlink)
Tesla (including SolarCity)
The Boring Company.
OpenAI.
Neuralink.

Guess how many companies most people own?  There is something here!

SpaceX does not appear anywhere in Tesla's 10K. It is not remotely a part of Tesla.  You are not investing in SpaceX when you buy a share of Tesla.

You are also not investing in Square when you buy a share of Twitter, in case you were also confused on that one.


The battery tech is in Tesla though.

Just the battery tech if they can deliver in the next 3-5 years would put Telsa stock in the right place.

There isn't any company now that has that kind of battery tech and means to produce it at scale. If battery tech linked to renewable power generation happens stockholders will make a bucket of cash...perhaps two buckets.
 
2021-01-18 7:59:03 AM  

goodncold: Just the battery tech if they can deliver in the next 3-5 years would put Telsa stock in the right place.


Can I see the math behind this?
 
2021-01-18 8:02:20 AM  

goodncold: Rapmaster2000: crackpancake: Elon Musk's CompaniesSpaceX (including Starlink)
Tesla (including SolarCity)
The Boring Company.
OpenAI.
Neuralink.

Guess how many companies most people own?  There is something here!

SpaceX does not appear anywhere in Tesla's 10K. It is not remotely a part of Tesla.  You are not investing in SpaceX when you buy a share of Tesla.

You are also not investing in Square when you buy a share of Twitter, in case you were also confused on that one.

The battery tech is in Tesla though.

Just the battery tech if they can deliver in the next 3-5 years would put Telsa stock in the right place.

There isn't any company now that has that kind of battery tech and means to produce it at scale. If battery tech linked to renewable power generation happens stockholders will make a bucket of cash...perhaps two buckets.


Do you really believe that a company that made "all of its patents freely available to everyone" has any patents worth a damn? Their battery partner was Panasonic. You do not think that Panasonic can do whatever Tesla is doing better, and on a larger scale?

And are you saying that if another company comes along later this year with better battery tech, that Tesla will be worthless?

You really need to write all this down, just for yourself, and record all the goal post moving you will need to be doing in the future to justify Tesla's value.
 
2021-01-18 8:07:18 AM  

Rapmaster2000: crackpancake: Elon Musk's CompaniesSpaceX (including Starlink)
Tesla (including SolarCity)
The Boring Company.
OpenAI.
Neuralink.

Guess how many companies most people own?  There is something here!

SpaceX does not appear anywhere in Tesla's 10K. It is not remotely a part of Tesla.  You are not investing in SpaceX when you buy a share of Tesla.

You are also not investing in Square when you buy a share of Twitter, in case you were also confused on that one.


Of course this is true. It might be that people believe that Musk will be able to shuffle assets from one venture to another as the need arises. The problem there, of course, is when you shuffle your COMPANY'S money into your family members' pockets, as happened with that Solar company that Tesla bought after it had been run into the ground. You wind up throwing good money after bad, or wind up throwing capital earmarked for automobiles at some autopilot technology or whatever. Eventually all that conglomerate building falls apart.

Capital with no price gets stolen or squandered.

Anyway, purchasing a share of Tesla gives you no claim or share of ownership of Spacex.
 
2021-01-18 8:17:35 AM  

Monkeyfark Ridiculous: ImmutableTenderloin: Tesla stock is worth as much as it is because people believe in its future and buy its stock.

Tesla's market cap doesn't depend on anyone's belief in the company's future. Whether you hope to toss the hot potato to a bigger sucker before the inevitable crash, or you hold your nose and buy the S&P500, or you clap your hands and believe Elon can fly, a buy order is a buy order.


Of course this is true.

Everyone should read up on speculative bubbles. It is a fun read. What pops a bubble? Simply, a lack of buy orders. Nothing else. People will not do any math, or believe any story, or wait an extra day, or anything if there is nobody to buy shares. So the speculative bubble typically moves from a con man story, to a bunch of smoke and mirrors, to shifting stories, to excuses, then to creative accounting, conspiracy theories, then to "everything is different," then to "I hear the Japanese/Chinese/Apple is buying!" and then to dark rumors that start a small selling panic. Then a rout. Then a larger panic.

The bottom drops out when everyone is afraid to buy because they think it will drop more. If you are still holding, you have lost half of your investment or more. You don't want to lose it all, so you will do anything to get out. Buyers know this, so they hold out until you are really desperate. Then they buy, but the price keeps dropping, so they sell. They learned their lesson, so they won't buy.

Then the lawsuits start. All the dirt comes out. SEC charges. FBI charges. Nobody wants to buy into that. The buy orders disappear.

And that is how a stock loses 95--99% of its value. it happens.
 
2021-01-18 8:21:18 AM  

ImmutableTenderloin: Tesla stock is worth as much as it is because people believe in its future and buy its stock.


Define ITS future. I do not see any rational basis for the valuation of the shares. People believe somebody will pay more for Tesla shares than they pay today. That person will have to be MORE optimistic than the people holding shares today.

I wonder who they will be. What story are they going to believe?
 
2021-01-18 8:28:23 AM  

bhcompy: crackpancake: Are all those companies revolutionizing the driving experience?  Are they setting presidence ?  Or are they churning out the same trash boxes that aren't worth 500.00 in 10 years

The Cybertruck is a meme.  The electric F-150 is an actual functional truck and the fleet sales for the electric F-150 and Transit van alone will make up most of Tesla's total sales numbers.  Both of those are due out next model year.

Tesla cars themselves have build quality issues.  The NHTSA issued a rare public request for Tesla to recall most of their vehicles sold between 2012 and 2018.  This is unusual because the NHTSA doesn't have to do issue those requests for most brands, but Tesla has been actively engaged in minimizing increasingly more public build quality issues and deflecting responsibility for said issues.  This is all "new tech" 101 behavior, but it doesn't really fly in a heavily regulated industry.  If the NHTSA has to actually force a recall, the stock impact will not be negligible, as the weight of regulation and burden of free maintenance is not currently factored in their stock price like it is in others.

GM has a contract with FedEx for their new electric fleet with deliveries this year.  GM already has successful electric vehicles on the market and the manufacturing infrastructure to support it, and has more consumer models in the pipeline.

Toyota can't keep the RAV4 Prime in stock.

Basically, there's plenty of reasons why Tesla is wildly overvalued and unsustainable, and competitors are catching up quickly and have far more robust dealership networks, maintenance programs, supplier pipelines, quality assurance, etc.  If Tesla wants to justify anything, it needs to build more cars than it currently does, build them better, and maintain them better.  If they don't, they'll just be another luxury brand with overpriced maintenance.  That doesn't drive stock value even if C-suite people want to drive them.


Two weeks ago here on FARK, I asked the question of how Tesla was going to handle a huge recall if they do not have a huge service network. I remarked that they had better solve their quality issues long before they get a million vehicles out there, or they will never be able to fix a million vehicles without creating a whole new company to do it.

I was told then, very loudly, that I was just talking fantasy. Pure speculation. This was never going to be a problem. Someone last week claimed that the Chinese build quality is better than American. Because.... why? Because American quality has some problems, so Chinese must be better. Umm. What if Chinese build quality is worse? Isn't that more likely?

I hear drums beating. Tesla has been able to finesse some pretty neat maneuvers in the past, and it sure has a lot more resources now, but you know. ... Build a house of cards and they look really impressive until a good stiff breeze comes along. A breeze is all it takes.
 
Xai [TotalFark]
2021-01-18 12:13:21 PM  
Ah here we go, I was wondering where the annual 'lying about Tesla financials' story was.

Right, if I own a jewellers, I sell $100k in products in a year and have $50k in costs, then spend $49k on stones and equipment to make more pieces, you wouldn't value the business on the $1k in taxable profit I made.

The fact they are keeping their taxable profits low during an expansion is a VERY GOOD THINGas you aren't wasting money by paying out taxes or dividends then immediately loaning money to pay for expansion and wasting interest on loans.

I can't imagine Jalopnik's entire staff could make such an elementary mistake unintentionally.

I mean heck, by the measure they are using you'd have valued Amazon at like $1bn right up until 2017 which would be stupid.

In a growing company you look at revenues, not taxable profits and Tesla's are certainly on the up even if their current valuation is excessive.
 
2021-01-18 1:40:32 PM  

Marcus Aurelius: Future PE is what matters.  Their Shanghai gigafactory is going to supply large swaths of Asia.


That's assuming that China doesn't just use their own tech and I'll point to NIO as a prime example of that fact. Tesla's valuation is wayyyyyy too high, it's like bitcoin in that its value is not tied to anything in particular. Lots of my friends that are much more serious about investing than I am, have sold out of Tesla as they see a major correction on the horizon. 

China is very rapidly approaching a point where they will not need our products, outside of food, anymore. They are and have developed their own x86 CPU's for example, they are making their own cars and selling them at a much greater rate than foreign manufacturers. They realized that they need their independence there, and went to achieve it.
 
2021-01-18 2:51:52 PM  

crackpancake: "I've got nothing against Tesla but it doesn't take a short selling critic to question if the stock is overhyped. To anyone going long, I wish you best of luck, especially if you are a late buy in. "

Over hyped perhaps.  But really Tesla is the only way currently to invest in SpaceX and Starlink.  Both which have shown unbelievable innovation and success!!

Investors want Tesla for a myriad of reasons.  Car making is lower on my tier of importance!!  They could BUY any one of those car companies if they REALLY wanted to.  Wonder why they haven't??


Someone else already confirmed that investing in TSLA is in no way allowing you to invest in SpaceX. Just FYI in case it helps:

Fark user imageView Full Size


Articles from back then cite it as being 7.5% of the company.
 
2021-01-18 5:25:46 PM  
I was happy to make around 800% selling not long after the stock split.   At the time I bought my shares I felt the company was fairly valued at about 50 bucks a share (based on the post-split price).   I enjoyed the run up to around 400 and I had already decided that was where I would sell.   I thought it was going to take a few years instead of a few months.   There's no way I would invest at the current 800 a share.   I might as well go buy a Powerball ticket.
 
2021-01-18 5:58:01 PM  
The only country that has had wide adoption of electric cars is Norway. Tesla is currently second in sales to Volkswagen.
They aren't achieving full market dominance now. What makes people think they will in the future with more competition? Hell, if I were to pick an electric car right now I'd probably go with Ford.
 
2021-01-18 7:07:23 PM  

goodncold: Just the battery tech if they can deliver in the next 3-5 years would put Telsa stock in the right place.

There isn't any company now that has that kind of battery tech and means to produce it at scale. If battery tech linked to renewable power generation happens stockholders will make a bucket of cash...perhaps two buckets.


lol. 

Top EV battery pack producers:
- ACC
- CATL 
- Optimum Nano
- Northvolt
- Panasonic (who is supplying Tesla)
- BYD
- LG Chem
- Samsung

Panasonic is ranked 3rd in batter sales to ACC and BYD. Tesla doesn't make their own stuff, they 'co-own' battery production, and thus the tech isn't worth as much as you think.
 
2021-01-18 7:28:54 PM  

DrBrownCow: I was happy to make around 800% selling not long after the stock split.   At the time I bought my shares I felt the company was fairly valued at about 50 bucks a share (based on the post-split price).   I enjoyed the run up to around 400 and I had already decided that was where I would sell.   I thought it was going to take a few years instead of a few months.   There's no way I would invest at the current 800 a share.   I might as well go buy a Powerball ticket.


You had a good run. You basically took a stock that was moving horizontally and sold it when it was moving vertically. You got that appreciation right there in the crook of the hockey stick. Congratulations.

You know why you sold, but you probably look at it every day and see all the easy money you "could've had." Psychologically speaking, you did the difficult thing. What a lot of people would do is sell half. There are a million platitudes and market wisdom that people fall back on in situations like this. But none of them beats just getting on the tiger, having a wild ride, and living to tell about it.
 
2021-01-18 8:17:28 PM  

Xai: Ah here we go, I was wondering where the annual 'lying about Tesla financials' story was.

Right, if I own a jewellers, I sell $100k in products in a year and have $50k in costs, then spend $49k on stones and equipment to make more pieces, you wouldn't value the business on the $1k in taxable profit I made.

The fact they are keeping their taxable profits low during an expansion is a VERY GOOD THINGas you aren't wasting money by paying out taxes or dividends then immediately loaning money to pay for expansion and wasting interest on loans.

I can't imagine Jalopnik's entire staff could make such an elementary mistake unintentionally.

I mean heck, by the measure they are using you'd have valued Amazon at like $1bn right up until 2017 which would be stupid.

In a growing company you look at revenues, not taxable profits and Tesla's are certainly on the up even if their current valuation is excessive.


That is a lot of text to say that the current valuation is excessive.
 
2021-01-18 8:27:47 PM  
I watched $TSLA go parabolic and finally couldn't resist and bought a put.  Yes, a single put because it was over $10,000 and I didn't want to lose a bunch of money if it continued to climb.  Strike price is 870 so so far so good.  🤞 💵  🤞
 
2021-01-18 10:08:02 PM  

relaxitsjustme: I watched $TSLA go parabolic and finally couldn't resist and bought a put.  Yes, a single put because it was over $10,000 and I didn't want to lose a bunch of money if it continued to climb.  Strike price is 870 so so far so good.  🤞 💵  🤞


I do not want to freak you out, but something you should check out is making sure that you are going to have your put clear when you want it to.

In other words, if your put is too much into the money when TSLA tanks, it might not be covered. Look at the margin open interest and look at where the market is, and realize the possibility that your value in TSLA will disappear and your put might wind up valueless as well.

Let me put it another way. If you know what a naked put is, then ask yourself: if huge numbers of people with a lot of money are willing to bet that TSLA is going to go UP with a PE of 1600, what is the likelihood that they are going to write naked puts and sell them to get some cash today with their only risk based on something that is "never going to happen"? And what is the value of a covered put if the underlying stock is subject to a margin call? And how can the guy who wrote the covered put afford to pay the put if he is relying on margin loans to buy his stock in the first place?

Let me put it another way. Of course we can insure all these mortgages because there is NO WAY they are all going to default at once.

If you think that the system you are relying on is robust and reliable under the worst circumstances, then you have made sound decisions.
 
2021-01-18 10:41:23 PM  

goodncold: Rapmaster2000: crackpancake: Elon Musk's CompaniesSpaceX (including Starlink)
Tesla (including SolarCity)
The Boring Company.
OpenAI.
Neuralink.

Guess how many companies most people own?  There is something here!

SpaceX does not appear anywhere in Tesla's 10K. It is not remotely a part of Tesla.  You are not investing in SpaceX when you buy a share of Tesla.

You are also not investing in Square when you buy a share of Twitter, in case you were also confused on that one.

The battery tech is in Tesla though.

Just the battery tech if they can deliver in the next 3-5 years would put Telsa stock in the right place.

There isn't any company now that has that kind of battery tech and means to produce it at scale. If battery tech linked to renewable power generation happens stockholders will make a bucket of cash...perhaps two buckets.


What battery tech?

Front what I understand they use 18650s or 21700s to build battery packs.

Panasonic and LG make the actual batteries, not Tesla. Even in the Nevada battery factory the machines that make the batteries are owned by Panasonic.
 
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