Red61224
Well-known member
Don't forget the Tesla Cell Phone (Pi as in 3.14), Auto, and maybe Home Insurance. The revenue streams are growing.I think Tesla is the stock which is perpetually overpriced but then six months later you shoot yourself for not owning.
Teslas share price makes sense when you think about it.
Tesla is almost certain to sell every EV they make for the next 3-5 years well before it leaves their factory. They are growing their sales at 50% per year and growing margins at the same time. Their competition is currently incapable of producing enough cars to reduce demand for Teslas at all.
There are things Teslas competitors could to in order to change things, but save perhaps VW, none of their competitors seems to grasp that ICE vehicle sales are going to fall off a cliff sometime in the next 5-10 years.
So we’re left with a world where Tesla and perhaps one other car maker dominate the field. Tesla’s 30% margins and lead in vehicle automation allows them to rake in profits.
Tesla also has similar crazy ideas for changing the solar industry and power storage Which is pretty cornerstone to the 21st century grid. Some people think that piece will be worth more than the auto piece.
I can totally understand how you could be skeptical this is the way things end up, but every year that passes, it seems more likely the TSLA fans are right.
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