There’s more to a car than speed, and Teslas aren’t Lamborghinis. They were exciting when they were new, but they’ve always had quality issues. Toyota produces more reliable cars. And more cars. There’s no perspective from which Tesla’s valuation makes sense.
That’s just a “the stockmarket can’t possibly be wrong” argument, but the stockmarket has often been wrong.
Tesla is overvalued. That’s blatantly obvious if you look at the data. There’s no justification for Tesla’s insane market cap other than hype or corruption.
Did you not understand the Corolla/Lamborghini example?
I do, but I wonder if you do. Toyota is far, far more valuable than Lamborghini. Toyota is the largest car manufacturer in the world, and with a market cap of $269B, the second most valuable after Tesla.
Lamborghini is not independent, but owned by Volkswagen, as part of their Audi group, and all of those brands put together have a market cap of $58B.
Your argument is not a justification for Tesla’s high market value; quite the opposite.
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There’s more to a car than speed, and Teslas aren’t Lamborghinis. They were exciting when they were new, but they’ve always had quality issues. Toyota produces more reliable cars. And more cars. There’s no perspective from which Tesla’s valuation makes sense.
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That’s just a “the stockmarket can’t possibly be wrong” argument, but the stockmarket has often been wrong.
Tesla is overvalued. That’s blatantly obvious if you look at the data. There’s no justification for Tesla’s insane market cap other than hype or corruption.
I do, but I wonder if you do. Toyota is far, far more valuable than Lamborghini. Toyota is the largest car manufacturer in the world, and with a market cap of $269B, the second most valuable after Tesla.
Lamborghini is not independent, but owned by Volkswagen, as part of their Audi group, and all of those brands put together have a market cap of $58B.
Your argument is not a justification for Tesla’s high market value; quite the opposite.
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By that argument nothing is ever overvalued because apparently that’s what the stockmarket says it’s worth. But crashes still happen.
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That doesn’t mean that value is reasonable, though. The stockmarket has a rich history of hysteria and irrationality.
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