Been strange to watch this guy get so rich off of a car company that is somehow worth $1.4 trillion, but had $97 billion in revenue last year, and only sold 1.7 million cars. P/E of 266.
For comparison: Toyota's market cap is $304 billion, with $311 billion in revenue, and they sold 10.8 million cars. And their P/E is 8...
Been strange to watch this guy get so rich off of a car company that is somehow worth $1.4 trillion, but had $97 billion in revenue last year, and only sold 1.7 million cars. P/E of 266.
For comparison: Toyota's market cap is $304 billion, with $311 billion in revenue, and they sold 10.8 million cars. And their P/E is 8...
Wild.
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
I think it speaks to how irrational and inefficient the equities market can be, alongside the AI bubble.
Remember that Tesla also has recharging stations for electric cars to charge Tesla and non-Tesla cars for a price.
Which should be worth about 13 billion this year. Decent business but the valuation is a bit rich for chargers.
The irony always being that as someone's financial worth grows beyond a reasonable point their worth as a human being is correspondingly reduced.