Summary
A suspect vandalized and set fire to Teslas at a Las Vegas Collision Center early Tuesday in what police call a “targeted attack.”
The assailant, dressed in black, shot at five vehicles, torched two, and left an undetonated Molotov cocktail. They also spray-painted “Resist” on the building.
Authorities have not confirmed a political motive but noted Elon Musk’s ties to Trump. The FBI is investigating, warning that such acts are federal crimes.
Tesla has faced backlash amid Musk’s government role and far-right politics.
My guy. Jesus. Just stop. Please don’t tell me that you think that Tesla, a car company with a bit more than a third of the global assets of Ford, and with less than half their yearly sales, should have a market cap 18 times higher than them. You’re embarrassing yourself.
Tesla’s valuation, in a rational market, would (like most other stocks) be in line with their industry. You take the assets, subtract the liabilities, and multiply by an industry-specific value to represent their potential for long-term growth. For Ford, that value (PE ratio) is 6.90. For GMC, it’s 7.73. Since Tesla has far fewer global assets than Ford and GMC (~$122 bn for TSLA, $285 bn for F, and $280 bn for GMC), it would be generous to give them a PE ratio of 7, even with them being involved in industries other than auto manufacturing. Let’s say 6.5 would be a reasonable PE.
6.5 times their $7 bn in earnings in 2024 would be a market cap of $45.5 bn, which is almost 16 times lower than their market cap in December of last year.
By any rational metric, TSLA is a bloated piece of shit. The fact that you think otherwise either means that you don’t know what you’re doing, or you’re an idiot.
Hey do me a favor let me know where I said Tesla was properly valued? I’ll wait… *Hint you won’t. Please read the words.
Again another long rant totally irrelevant and opinion based. Arguing against a point I never made. You’re welcome to your opinion that’s fine man. I’ll be hanging out over here in reality. Take a deep breath go outside touch some grass.
Are you slow, or something? This entire thread started because you were whining about people being hurt by Tesla losing money. Then, when I pointed out that it’s a bloated piece of shit and cited a valuation that was in the right ballpark, you said: “I don’t think you understand how valuations work”.
So, were you lying then, or are you lying now as you’re pretending that you agreed with me the entire time that Tesla is overvalued?
Me slow… I read all the words. Hence you can’t find anywhere I said Tesla was properly valued. I wasn’t whining about Tesla losing money. I don’t care. I said Tesla going to 0 wouldn’t hurt musk. You’ve said nothing to disprove that. Just gone on random rants. Again I never said I didn’t think Tesla was over valued. You clearly do and I never disagreed. You clearly need to read.
Also your valuation is still wrong hahaha. You thinking Tesla should be $12 and being able to prove that out with a fact pattern are two different things. I’m assuming here but I’m guessing you’ve need read a financial report, never done a dcf, have no idea how to model an investment and don’t know what PE ratios actually means. That can all be true and I can still believe Tesla is overvalued.
Well, you are at least correct about one thing. I was incorrect about the $12 stock price. In my defense, I wasn’t looking at the numbers at the time, just spitballing it. But going with the $45.5 bn valuation I mentioned previously, and their 3.5 bn outstanding shares, that would put the price per share at $13. I humbly accept the humiliation that comes with getting a hypothetical stock price incorrect by 8%.
I mean, I did allude to the fact that I think you might be an idiot before, and since you said that you read everything I wrote, I’ll just leave it at that. You’re not helping your case by being so hilariously wrong here.
Valuation still wrong. You can’t throw random numbers together man. Good job sport nice try though! So smart… So so smart
Alright, well, I showed you mine. Let’s hear your valuation & rationale. My numbers are all based on the publicly available data. Let’s see what you got.
Hahah yep there we go… You haven’t been using publicly available data cause as far as I can see you haven’t referenced any number from their financials once. If you want to know what their assets are worth without any fluff go right to their balance sheet and add some numbers from their last audited or quarterly fs. It’s so easy even you could do it. It’ll give you a ball park. Should take like 10 minutes and you’ll actually learn something and you’ll be able to argue with random people on the Internet and know what your talking about.
Err… what? I’ve referenced several numbers from their financials. What the fuck are you talking about?
Uh yeah - I quoted that. Seriously, didn’t you say that you read everything I wrote? You couldn’t be bothered to skim it before posting this just to make sure you didn’t look like a dipshit when you hit reply?
Is this some sort of ploy to salve your ego in advance or something? I mean, Jesus. That’s truly pathetic.