Current Events > Why is tesla worth so much when they don't even sell anything?

(+) Yeah! (+)

Wow they well less than 10 percent of what Toyota does.

1 trillion dollar company

Nerds.

And Samsung sells more phones than Apple.

Samsung's worth 400 billion
Apple's worth 3 trillion

We got the inside scoop, tc. Let's crush Wall Street.

Tesla innovates with quality electric vehicles and space shuttle technology. Toyota keeps investing in "hydrogen cars" that are vaporware and have never been produced. I wish Toyota would pull the plug on that and start making EVs.

Carbon offsets. Its a scam.

divot1338 posted...

Carbon offsets. Its a scam.

Incredible memory of a headline you scrolled across last year. I'm floored by the talent itt.

From the article

Without zero-emission vehicle (ZEV) and other regulatory credits, Tesla would not have been able to report a four consecutive quarters of GAAP profitability, a milestone it reported Wednesday that meets the qualifications for Tesla to join the S&P 500

divot1338 posted...

From the article

@divot1338

Yeah that's from a year ago. They had several extreme 1 time expenses in that quarter.

So at the time I asked critics: What's gonna happen as Tesla's revenue continues to explode exponentially and they don't have those 1 time expenses anymore?

Well we have the answer because it's a year later.

Tesla is very profitable, even without selling those regulatory credits to legacy automakers.

Though profitability was irrelevant for a company growing as fast as Tesla is. The entire point was to make a clickbait article to trick people that don't follow the industry and will still repeat the headline well after it's no longer true.

https://gamefaqs.gamespot.com/a/user_image/3/3/0/AAAFvAAACs7q.jpg

https://hedgescompany.com/automotive-market-research-statistics/auto-mailing-lists-and-marketing/

In 2021, there are an estimated 289.5 million vehicles registered in the USA.

827,000 of those vehicles are Tesla's. That's 0.28566493955094991364421416234888% of all American cars are Tesla's.

46% of that 827k Tesla's are owned in California.

Tesla could be the largest energy company in the world in 10-20 years.

That's a huge could, but there's more to Tesla's potential than just cars.

It's all a bubble. Hydrogen is the future.

20 years is a long time, but with the projects they have going on right now I dont see it tbh.

electric self driving cars - yep they will be the #1 car manufacturer no question, assuming they make something more affordable than a model 3 at some point or bring down the cost of the model 3. But this wont put them at #1 top dog across all industries

solar panels, power walls etc - they are nice but not a gargantuan market for the time being

spacex- thats more of a far far distance thing. If they are still around 100 years from now then this is what will make them #1. But for now its just satellite internet, and as fiber internet very slowly gets rolled out worldwide it will eat into spacexs customers

but they will still be top 5. They just cant beat the others right now or in the near future.

Krojen posted...

@divot1338

Yeah that's from a year ago. They had several extreme 1 time expenses in that quarter.

So at the time I asked critics: What's gonna happen as Tesla's revenue continues to explode exponentially and they don't have those 1 time expenses anymore?

Well we have the answer because it's a year later.

Tesla is very profitable, even without selling those regulatory credits to legacy automakers.

Though profitability was irrelevant for a company growing as fast as Tesla is. The entire point was to make a clickbait article to trick people that don't follow the industry and will still repeat the headline well after it's no longer true.

A guy with Elon Musks track record of financial shennanigans using this to guarantee profitability for four consecutive quarters so that it can join the S&P 500 is not a healthy company experiencing whatever success you seem to think theyve earned.

For gods sake they cant even be profitable for an entire year and you think theyre being torpedoed by some imaginary one time problems?

K

divot1338 posted...

For gods sake they cant even be profitable for an entire year and you think theyre being torpedoed by some imaginary one time problems?

Elon Musk sells another $906.5 million worth of Tesla shares
https://www.cnbc.com/2021/12/14/elon-musk-sells-another-906point5-million-worth-of-tesla-shares.html

Elon Musk wants to quit his job and become an influencer
https://www.msn.com/en-in/news/other/elon-musk-wants-to-quit-his-job-and-become-an-influencer-carl-pei-feels-he-is-already-one/ar-AARFa0g

How Elon Musk Lost $30 Billion Overnight and the Title of Worlds Richest Man
https://www.thewrap.com/how-elon-musk-lost-30-billion-overnight-and-the-title-of-worlds-richest-man/

I think Elon Musk is cashing out as soon as he legally can, and high tailing it.

divot1338 posted...

A guy with Elon Musks track record of financial shennanigans using this to guarantee profitability for four consecutive quarters so that it can join the S&P 500 is not a healthy company experiencing whatever success you seem to think theyve earned.

For gods sake they cant even be profitable for an entire year and you think theyre being torpedoed by some imaginary one time problems?

K

@divot1338

Elon is a con man loser, but Tesla is different thanks to their talent and how horrifically run legacy auto is. They've sunk to needing to buy Tesla's credits for a reason.

The one time expenses in those quarters was finishing off a massive compensation package that was many years in the making. Other expenses include building the factories in Berlin and Texas. Which are now online to bring in a ton more revenue instead of draining it. The credits you're fixated on aren't even a drop in the bucket of their business going forward.

The credits weren't a ploy to get into the S&P. No one cares about that. Tesla was getting too large to not be included and meetings were held about it before the profitable quarters. The rules are more of a guideline.

Tesla is in the investment category of "growth company." Profitability is not expected or even desired. Money is supposed to be reinvested in growing the business. Tesla just happens to be in such a good position that they're profitable without even trying to be. That's why the stock is up a gajillion %. You are not seeing some secret scam that the largest funds can't.

You're mistakingly grading them as a "value company." Meaning profitability is all that matters since there's no growth or innovation. Think of Coca-Cola.

Hopefully this helps make sense of things. Don't continue to be like the next poster who's proudly displaying his knowledge of junky clickbait articles.

CNBC is a financial business network not clickbait. And your assertions have no evidence.

divot1338 posted...

CNBC is a financial business network not clickbait. And your assertions have no evidence.

@divot1338

CNBC clickbaits just like any other entertainment cable news outlet. Tho that was just reporting on him exercising the compensation package and selling to pay taxes on the amount he received.

Which assertions have no evidence?

What a company is worth is not defined by fundamentals like the wall street people claim.
Tesla is worth what it is because people say it is, that is it.

He must've found the evidence my assertions have