Serious question: does the same aspect scare you with most tech startups, which have valuations well beyond the actual value they produce (often losses) at the time of their IPOs?
Tesla is being valued based on its potential future, not present.
Tesla is being valued based on its potential future, not present.
This is what I don't get. Tesla's potential (but unlikely) future is that of replacing some of its competitors. And yet it's valued more than all its current competitors combined. Something just doesn't add up.
The goal of self driving for a company like Tesla should be to replace Uber, the logistics industry and legacy automakers.
I still feel that Tesla is overvalued, but there exists a potential future where it still has room to grow (I'm not sure I'd like that future - so this, coupled with the stock volatility, kept me from investing in Tesla. Which, TBH, was a poor decision so far :D )