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Preface - Musk is a cunt & I own a Tesla.
Tesla is more than just its vehicle sales though:
- Battery storage and solar infrastructure for businesses and homes
- Commercial vehicles
- Driverless tech (if it works)
Toyota are a company who have just retired their CEO as their transition to BEV is basically non-existent.
Not saying Tesla valuation is 100% accurate but comparing it to a dying brand is silly.
- Battery storage and solar infrastructure for businesses and homes
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...and for that reason, I'm out.
Soul
villa-ru
@Hefty
Still miles off tho.
Toyota sold 10 million cars in 2022, 250bn revenue and has a market cap of 200bn.
Tesla sold 1.3 million cars in 2022, 81bn revenue and has a market cap of 550bn.
Tesla’s gross profit margin has been much better - 25-odd% against 15-odd% for Toyota but even with that the stock is still way above any sensible multiple of its current earnings, or indeed its potential future earnings. It’ll drop another 50% at least.