Elon deserves his own thread

flollo wrote:

Absolutely. Some valuations are crazy and they come with a lot of hype. If AI is to become what I believe it will a new industry, worth in trillions will be created. So you can understand some higher P/Es in that space. Market is betting on earnings 4,5+ years ahead of time. This is not standard and it comes with high risk and volatility.

Some prices are more reasonable. There is still some strong rationale associated with traditional companies.

Tesla is on the extreme end of it all. Especially if you look at it as a car manufacturer. No other car manufacturer is anywhere near as expensive as Tesla is when earnings are taken into consideration. Which is why Musk is saying that Tesla is not a car manufacturer anymore. And why he presented all those robots on stage last year. It’s all propaganda to be honest and a bit of bullshit. But this is Musk’s strategy to keep the hype going. Call Tesla something that doesn’t exist so you muddy the waters and distract investors from benchmarking its performance against other car manufacturers.

I dont know much about it all, but i thought it was true that Tesla are not just a car manufacturer?

They sell those Tesla Powerwall not sure about 2024 but

"Half of Home Batteries Installed in 2023 Were Tesla Powerwalls"https://www.cnet.com/home/energy-and-utilities/half-of-home-batteries-in...

I dont know if they are still one of the top dogs or if their focus is still in that area, but you would think this market has huge potential for growth similar to EV's