Were people overpaying 30% for tesla in 2010?
1. Tesla was priced at $2.5b end of 2010. 2. Tesla started production that year of the model S, with nearly 500km range and 0-100 in 4.4 seconds, still competitive 16 years later. It was an obvious disruption of a proven market. 3. that car market was valued at half a trillion at the time.
So Tesla being valued at 0.5% of the market, with disruptive technology, seems fine. Of course it was a moonshot, but hindsight is 20/20.
But what is the total market here that it's stepping into? Seems like SpaceX is servicing the majority of the market for years, yet it just has 16 billion revenue. How that gets you to 1.75 trillion, I don't know.
For comparison, it is routine to see sale prices of 3x to 5x revenue for many, many kinds of everyday businesses that have much less potential than Tesla.
There are very, very few businesses whose shares one could have purchased in 2010 that performed better over the subsequent 15 years. That is about as objective as one can get about determining whether or not something was under or over valued (in 2010).
Do you think DOGE has done something good or did it just help authoritarians to dismantle opposition?
Since Musk, Trump, Thiel & Co. started to implement their vision of a society the world turned to the worse. And they won‘t be the one who habe to endure the harsh consequences
Or how he helped dismantle USAID which leads to real death of people.
You’re being spoiled with not having a fake PR mask. He‘s just spared from real consequences because of his wealth. As soon as real consequences are at the horizon that changes pretty quickly. It just happens too rarely.
Cancel culture needs to stop, we are not a hive mind, everyone has different opinions.