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[+] 0 points 11 months ago (7 children)
  • [–] 2 points 11 months ago (6 children)

    There's more to a car than speed, and Teslas aren't Lamborghinis. They were exciting when they were new, but they've always had quality issues. Toyota produces more reliable cars. And more cars. There's no perspective from which Tesla's valuation makes sense.

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  • [+] 0 points 11 months ago (6 children)
  • [–] 3 points 11 months ago (3 children)

    That's just a "the stockmarket can't possibly be wrong" argument, but the stockmarket has often been wrong.

    Tesla is overvalued. That's blatantly obvious if you look at the data. There's no justification for Tesla's insane market cap other than hype or corruption.

    Did you not understand the Corolla/Lamborghini example?

    I do, but I wonder if you do. Toyota is far, far more valuable than Lamborghini. Toyota is the largest car manufacturer in the world, and with a market cap of $269B, the second most valuable after Tesla.

    Lamborghini is not independent, but owned by Volkswagen, as part of their Audi group, and all of those brands put together have a market cap of $58B.

    Your argument is not a justification for Tesla's high market value; quite the opposite.

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  • [+] -1 points 11 months ago (3 children)
  • [–] 1 point 11 months ago (2 children)

    By that argument nothing is ever overvalued because apparently that's what the stockmarket says it's worth. But crashes still happen.

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  • [+] -1 points 11 months ago (2 children)
  • [–] 1 point 11 months ago (1 child)

    That doesn't mean that value is reasonable, though. The stockmarket has a rich history of hysteria and irrationality.

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  • [–] 2 points 11 months ago (1 child)

    this is an extremely surface level understanding, the stock markets value tesla highly because of a history of government subsidies and protections as well as musks perceived closeness to the white house because of how much he paid into the presidency. This has been shown directly through stock analysis around certain events such as the results of the recent american presidency election which led to the stock of tesla drastically increasing overnight. and surging ever since, with notable drops during times when he feuded with trump more openly, losing a 150 bn dollar valuation over just a couple of days at the time of june 5th. And they only started to marginally improve after musk apologized.

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  • [+] 0 points 11 months ago (1 child)
  • [–] 1 point 11 months ago

    you compared a tesla to a Lamborghini... and were complaining that chinese evs selling well doesn't mean theyre better than teslas when objectively many of these cars have a bunch of reasons that they are reviewed better than teslas. You using the stock market to act like teslas are some gold standard has some pretty big importance as to why it matters to bring up Elon Musk and government subsidies, because tesla wouldn't have that valuation at all without those realities.

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