this post was submitted on 14 Mar 2024
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Enough Musk Spam

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[–] [email protected] 15 points 9 months ago (1 children)

Nope. Tesla had been extremely overvalued (think in the range of a factor of 10) and continues to be much more "worth" than it's real value. It has a new product that gave it an edge. Other car manufacturers that are factors bigger than Tesla have caught on and are surpassing it quickly. The way I see it, Tesla is dead soon

[–] NoSpiritAnimal 24 points 9 months ago* (last edited 9 months ago) (1 children)

For anyone wondering, Teslas market cap is roughly $500 billion and Ford is ~$50 billion.

There is no way Tesla is worth 10 times what Ford is.

Ford's total revenue last year was $176 billion and Tesla's was $96 billion.

[–] [email protected] 9 points 9 months ago (1 children)

Also, Ford makes a butt load more models and units than Tesla. Tesla has, what, 4 models? Teslas stock price is ridiculous

[–] [email protected] 1 points 9 months ago (1 children)

The number of models is irrelevant, sales are what matter.

[–] [email protected] 1 points 9 months ago

I'd say it is. Making a new model car requires a lot of investments, setting up supply chains and what not. Ford has done a shit tonne of that AND sold factors more cars than tesla. It may not be the main point of critique, but it definitely counts