/biz/ - Business & Finance

[Anonymous No.28204863]

>[Tesla] is now valued at $700bn - more than Toyota, Volkswagen, Hyundai, GM and Ford combined.

How is this possible?

https://www.theweek.co.uk/people/57553/top-billionaires-who-richest-person-world

[Anonymous No.28204951]

It's not possible, it's the magic of imaginary markets

[Anonymous No.28204991]

Its almost like everything is fucking bullshit or something.

[Anonymous No.28205215]

>>28204863
Only because of Elon.

[Anonymous No.28205273]

valuation =/= value

It never has.

[Anonymous No.28205328]

>>28204863
Tesla leads the way in AI driving

[Anonymous No.28205330]

>>28204863
chads keep on chad'n

[Anonymous No.28205366]

they also do like solar cell shit dont they? people invest a lot because i guess they think theyll be a monopolistic entity in the future and are market leaders in recharging electric vehicles, solar energy stuff, etc.

[Anonymous No.28205446]

>>28204863
It's possible because in 10 years Tesla is the only one of those companies that will still exist.

[Anonymous No.28205518]

>>28204863
>This just in the stock market has no actual impact the real world value of something
Color me surprised, next you'll tell me the invisible hand drives the market instead of manipulation and money printing.

[Anonymous No.28205552]

4chan underestimated the power of onions
you constantly make fun of basedboys but they are making $250k annual salaries in the bay area and working as a cult collective to pump cringey onions shit

[Anonymous No.28205562]

>>28204863
>space travel
>satellite internet
>electric vehicles
>next generation batteries
>solar panels

Yeah i got no idea why ameritards would want to give tesla a high valuation

[Anonymous No.28205606]

>>28204863
>B-but they're also working on AI and batteries!
>I-its so much bigger than just a car company
>NOOOOOOO NOT MY TESLARINO ITS NOT MASSIVELY OVERVALUED AT ALL!!!!!!!!!!! >REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

[Anonymous No.28205632]

>>28204863
speculation that they'll be the primary provider of electric cars and battery tech in 10 to 20 years.

[Anonymous No.28205661]

>>28204863

Because the value can be whatever people are willing to pay - enjoy the current market, and don't forget to have cash onhand for the dip.

[Anonymous No.28205663]

M A R S. take the entire earth's gdp and it wouldnt be enough mars is gonna b big

[Anonymous No.28205683]

>>28204863
we can kill 2 birds with 1 stone. crash bitcoin. tesla will lose credibility and crash too

[Anonymous No.28205713]

>>28204863
why does this make trannies seethe so much?

[Anonymous No.28205717]

Because markets are speculative

[Anonymous No.28205729]

>>28205562
>Zero profit

[Anonymous No.28205762]

>>28205328
>Tesla leads the way in AI driving

No lol, waymo is lightyears ahead of tesla

[Anonymous No.28205879]

>>28204863
These headlines are made just for retards.
Stock value is not directly representative of the assets and operating business a company holds. Tesla doesn't own more factories, infrastructure, tooling, etc than those companies. It has a higher stock price.

[Anonymous No.28205961]

>>28205762
>waymo is lightyears ahead of tesla

Have you ever examined your butthole? Its leaving a stain on /biz/

[Anonymous No.28205967]

>>28205762
>number of miles equates to quality of algorithms
maybe the reason they have so many test miles is because they can't get it right

[Anonymous No.28205966]

>>28205713
>why does this make trannies seethe so much?

Most of musks companies are unironically filled with tranny coders

[Anonymous No.28205994]

>>28204863
Because it's a bubble. He himself said that it's way too overvalued and everyone knows this.
Yet normies somehow expect that a EV producers with only 18% market share (while still having no competitors yet lmao) is somehow gonna do better once GM, Ford, Audi releases their own EVs lel.

[Anonymous No.28206062]

>>28205966
That makes it even stranger then, doesn't it?

[Anonymous No.28206066]

>>28204863
This aint nothing different from the airline stock crash back in the 70s. I would have short the shit out of Tesla if my shithole country allows

[Anonymous No.28206110]

Infinite money and perfectly timed bull PR that activates the algos when TSLA is about to hit a support.
Elon is insider trading, embezzling, etc. Just wait a few years it'll come out during the next fintech chimp out.

[Anonymous No.28206119]

>>28205762
Waymo only works in geofenced areas that have been analyzed by 3D cameras. Tesla can hop on any road, anywhere. Good luck fag

[Anonymous No.28206146]

>>28205713

[Anonymous No.28206173]

Toyota - legacy lineup
Volkswagen - a black hole of lawsuits and liability
Hyundai - embracing apple to survive
GM - Sells insurance to your grandma
Ford - formerly known for making farm equipment and an aluminum truck

Um, yeah I think we'll see

[Anonymous No.28206208]

>>28204951
Clown World

The Nasdaq is also up ~ 100% from its lows of last year while unemployment is near the highs of century.

Honk honk

[Anonymous No.28206225]

Only Tesla will be able to scale to any road anywhere. It won't even be close. Waymo requires training wheels. Also, they have remote operators ready to take over as needed. Doesn't sound like they're too confident even with their trained routes.

[Anonymous No.28206276]

>>28204863
Because those other companies are failing miserably when it comes to going electric.

[Anonymous No.28206312]

>>28206146
See: >>28206062

[Anonymous No.28206344]

>>28206066
>This aint nothing different from the airline stock crash back in the 70s.
ok boomer
could have just said the dotcom bubble
why not talk about the farm bubble back in the great depression

[Anonymous No.28206360]

>>28204863
Musk is the Anti-Christ. How have you not figured this out yet?

[Anonymous No.28206381]

>>28205762
>Tesla isn't even on the chart
either Nvidia has better self-driving cars than Tesla or that chart is retarded

[Anonymous No.28206469]

>>28205762
>2018
Also tesla isn't even included in your list so it isn't remotely useful.

[Anonymous No.28206477]

>>28204863
>well uh duh car iz electric
>technology
>robo taxeeees
>elun mosk

[Anonymous No.28206529]

>>28204863
>the future vs. the past
>hurrr which is more valuable

[Anonymous No.28206531]

>>28206360
>barely articulate bipolar guy who is only popular because he memes on twitter
>the prophesied antiChrist
Go back to your heretical Evangelical pro homo church, moron.

[Anonymous No.28206530]

>>28206225
Imagine a world where lidar is the terrain mapping system. All the cars are blinding the shit out of each others' sensors.

[Anonymous No.28206619]

>>28204951
take into consideration that people are betting on batteries and their large scale adoption here as much or more than they are betting on his cars.

[Anonymous No.28206708]

>>28204863
>a company that is kept profitable by ripping off governments for subsidies with our tax dollars, and has a total cult following from soiboi virtue signalers has an unsustainably high stock price
wow I'm shocked

[Anonymous No.28206741]

>>28206276
Whats the point of going electric when all the charging stations are powered by fossil fuel?

[Anonymous No.28206799]

>>28206619
so tesla batteries are worth more than the other 9 of the top 10 car manufacturers combined? Thats fucking retarded

[Anonymous No.28206854]

>>28205446
lmao the delusion

[Anonymous No.28206950]

>>28205729
developing 4th gen nuclear isn't immediately profitable either dipshit

[Anonymous No.28206952]

Thanks to the fed

[Anonymous No.28206970]

>>28206854
The world is moving on from the internal combustion engine, and none of them are serious competitors to Tesla. They're only going to realize it when it's already too late for them.

[Anonymous No.28207032]

>>28206741
>Whats the point of going electric when all the charging stations are powered by fossil fuel?


b-b-but anon the electricity from tesla power tesla comes from solar and eco friendly energy sources. Just ignore the fact you gonna pay $2 per kwh to charge your tesla once (((they))) make fossil fuels illegal.

[Anonymous No.28207060]

The limitless bounds of space exploration and exploitation!
I can't wait to gas every belter.

[Anonymous No.28207131]

Cuz people even make coins for him.

$ElonX the new shit or what?

[Anonymous No.28207152]

>>28206970
take a trip to /o/ for a while and realize that everyone hates you and your fucking cult

[Anonymous No.28207205]

>>28204863
Government money, public research and massive hype.

[Anonymous No.28207269]

>>28205762
Navya s.a.

[Anonymous No.28207276]

>>28204863
Dude, they started the autonomous driving car era.
It's not even so much over valued...

[Anonymous No.28207370]

>>28207152
/o/ is made up of extremely low iq poorfags clinging to technology from the 1980s because they can't afford anything better. They're irrelevant to the auto industry.

[Anonymous No.28207525]

>>28207370
This is laughable cope.

[Anonymous No.28207542]

>>28206970
>none of them are serious competitors to tesla
is that so, lol?

They aren't even the best in self driving tech either, and alphabet (google) is already selling sensor kits to driverless car companies through their company Waymo (that ends up being exponentially cheaper than tesla's). They also have a driverless taxi system already running in places where legislation allows it, for about the price of an uber.

[Anonymous No.28207544]

>>28204863
im trying to think of a historical antecedent to Musk and people like him (eg Gates, Bezos et al). for a long time I consider them as the modern day ducal class; not exactly the king but masters of their own domains, unrestrained by tradition/dogma and hungry/resentful of the top of the pyramid enough to do wild shit

now im thinking theyre more like heroic figures. normans often refer to Musk as a real life Tony Stark (Ironman). Ironman is a superhero, the successor to the hero/demigod of the ancient greek tradition. a better version of human, someone with almost supernatural powers, which cults naturally formed around

of all of them, Musk is on the fastest track to the messianic figure which is the next level of the hero. dont bet against him

[Anonymous No.28207583]

>>28207370
based and correct. fuck all boards except /biz/

[Anonymous No.28207618]

>>28207152
i love /o/, great guys. but you can't tell me that electric motor is not the future, the tech is just better. of course, I think it still needs to be refined but early adopters seem to be very satisfied

[Anonymous No.28207712]

>>28205562
NOOOOOOO BUT MUH GM AND FORD

[Anonymous No.28207717]

>>28204863
Only person smart enough to convert his liquidity into Bitcoin. Now even if stock holders cash out, he can buy the socks at market price and hold the price. The power of Bitcoin

[Anonymous No.28207746]

>>28207618
it also costs twice as much as a comparable regular car

you are not going to save ~$20k on gas costs over the lifetime of your ownership

[Anonymous No.28207919]

>and none of them are serious competitors to Tesla.
Yet Renault Zoe sold more in Europe than Tesla lmao.

[Anonymous No.28208054]

>>28207618
Solid state batteries are forever a step away, cold weather is still a problem for range, charge times are still a problem. A gas station can service 100 people, fill every tank, and have them out of there inside of 30 minutes. In thirty minutes a EV charging station with 10 chargers can only service 30 people, people who won't have fully charged batteries.

Electric motors are markedly more efficient, but we cannot escape the harsh reality that is energy density. Liquid fuels like gasoline and diesel are absolute Godsends to us. That isn't going to just go away. The huge push for EVs is mostly political and that trend will not hold forever.

[Anonymous No.28208102]

>>28204863
Elong Musk is based as fuck and he doesn’t care WTF anyone says about anything.
>oh lol electric cars are stupid
>heh you can’t compete with GM amount of cars
>eh you roof has fall off in road!
That fucking African is getting the last laugh on all those fags. Basically just expect Ford and GM and Dodge and Honda and Mitsubishi and fucking Oldsmobile all will go completely out of business inside 10 years.
MAYBE Toyota will make it. MAYBE Hyunday/Kia. Nobody else Tesla will have all the rest.

[Anonymous No.28208157]

>>28204863
elon is nothing but a shill that other retards love to get shilled his bags

[Anonymous No.28208213]

>>28206799
yeah. It is maybe the dumbest thing I have ever seen. This is going to end so poorly.

[Anonymous No.28208304]

>>28204863
Tesla makes electric cars that can drive themselves.
Why is an iPhone worth more than pic related?
>b-but other companies make electric cars too
Ok and other companies make smart phones. iPhone has the best brand tho.

[Anonymous No.28208432]

>>28205552
This. They personally funded not one but two Bernie Sanders campaigns to the tune of hundreds of millions.

[Anonymous No.28208440]

>imagine believing Tesla is a car company

And I say this as a index investor who only "got" Tesla after it listed into sp500. I never bought and will not buy any shares of it.

[Anonymous No.28208446]

>>28205562
>space travel
>satellite internet
That's not even Tesla. That's his private company SpaceX.

[Anonymous No.28208490]

>>28206741
>>28207032
It won't be long before charging stations are powered by renewables (solar, wind, etc.) and nuclear.

[Anonymous No.28208514]

>>28205663
>dude a giant red rock lmao

[Anonymous No.28208750]

>>28205994
>Ford, GM
Boomer companies
>Audi
Enjoy paying more just cause it’s German
>t. Audi driver

[Anonymous No.28208856]

>>28204991
Apt phrasing.

[Anonymous No.28209200]

>>28207152
Nobody cares what /o/tists think

[Anonymous No.28209316]

>2035
>Tesla archives Level 5 autonomy
>Tesla launches its own ridesharing app
>People can buy new tesla cars as an investment option
>List your new tesla model with level 5 autonomy to tesla's ridesharing app
>Uber and Lyft can't compete with tesla's ridesharing app because its cheaper due not needing a driver
>scooter-sharing bubble 2.0 happens but with teslas instead of electric scooters
>my new tesla investment car earns $35k/year on its own passively working on the ridesharing app
>my new tesla investment car pays for itself within 3 years and keeps earning me passive money every year
>people stop driving themselves because using tesla's ridesharing app is way cheaper than driving on your own
>all other car makers go bankrupt cause no one buys new cars anymore

[Anonymous No.28209521]

>>28207542
>he thinks someone who wants to buy an electric vehicle would be caught dead in a Chevy
You’re fucking up your demographics. Also have you ever sat in a GM or Ford? It feels like the past. The aesthetics are all wrong, everything is flimsy plastic that breaks easily.
Teslas are just objectively nicer cars with a cooler brand. Maybe Mercedes can compete but then you have to pay premium for the mediocre German engineering meme.

[Anonymous No.28209793]

>>28209316
hahah you lazy fag, this will not happen in the rest of your lifetime, level 5 autonomy is so damn complicated most coorporations already wrote off the losses and just pretending its ok for investors, like thay have been since 2015. go read something about it before you invest into level 5 autonomy mombot

[Anonymous No.28209808]

>>28205328
>Tesla leads the way in AI driving

They're actually worse than German prototypes from fucking 1993:

https://www.youtube.com/watch?v=JTnBiTIvGqY

[Anonymous No.28209924]

>>28209521

turdsla build quality is pure shit though, horrible materials, ultra-ugly interior and exterior desing. something only castrated high-estrogen men could enjoy.

[Anonymous No.28210002]

>>28206208
I got rejected from a job and it was likely due to being unemployed for a year+ not counting the few weeks I got employed before I got fired for not brown nosing the fat lady manager and doing everything she demanded.

[Anonymous No.28210482]

>>28208054
fkin based post. there was legislature in 2001 in US to force manufacturers to go 2 percent electric, it got pushed back so hard by lobby, Ford even made EV just to crush them later, anyway, fuel cell and hydrogen can reach similar fuel density while taking use of electrical motors, and most patents and pioneering discoveries for this tech has Honda and Toyota(see Mirai), there has been talk about fuel cells being perfected recently, but i suspect we have to yet go trough this EV bullcrap cause someone already bought all the lithium mines and wants them monetized. Hydrogen is tho a very advanced technology, all the tolerances and valves have to be super precise and tight, to a point you wouldnt believe and we have only recently reached the technological development to mass manufacture the storage and parts needed for this in desired quality. Hydrogen escapes any vessel like crazy, to the point of defying gravity and climbing surfaces upwards, still its the only effective step forward. plus the car is 1 tonne not 2,5 like big fat calabasas mom tesla P

[Anonymous No.28210908]

>>28210482
not to mention how limited lithium is. but yeah, ss batteries soon, trust me bro

[Anonymous No.28210928]

>>28209521
Have you ever sat in a tesla? The build quality is atrocious from the rattling plastic interior to the shitty paint job. Also, not everyone wants an $80000 car, there's no affordable tesla option.

Also if you're too dumb to see how GM making all their cars electric within the next 10 years isn't a massive huge threat to tesla, when they already sell like 50x more vehicles than them, you're delusional

[Anonymous No.28211103]

>>28205967
>>number of miles equates to quality of algorithms
>maybe the reason they have so many test miles is because they can't get it right
it's number of miles without a disengagement, as defined by the asterisk in the bottom left.
so yeah, in other words the thing that drives the longest with fewest errors is the best. does this make sense to you, anon?

[Anonymous No.28211268]

>>28205328
yes, self driving will be enabled with a software update any day now - this IS 2017, right? - and your Tesla will repay itself by wandering off trawling the streets whoring for cash every night. Much like Musk on Twitter.

[Anonymous No.28211286]

>>28211103
You arguing with cult members, anon, you wont be able to present logical arguments here

[Anonymous No.28211477]

>>28209521
>The aesthetics are all wrong
zoomer confirmed
>Maybe Mercedes can compete
t. someone who has no clue about the automotive industry and the ranking of brands per build quality
>mediocre German engineering meme
confirmed for no engineering knowledge

[Anonymous No.28211551]

Doesn't Telsa have ownership of a mine for rare earth metals?

[Anonymous No.28211987]

>>28211551
I only see it shilled at night, but MNXXF &
Dahn brothers
>one is professor/research head of tesla battery
>other is on the board at MNXXF
also something about dig assay results soon

[Anonymous No.28212009]

>>28211551
Lithium? presumably.
They spent an age trying (and failing) to buy a mine. They now have mining rights to 10,000 acres of Nevada. Usually, this would be prohibitively expensive, but, Musk has a*n as yet, unproven) plan 'which will revolutionize the process' etc. This mans genius in EVERY aspect of manufacturing knows no bounds, most especially on Planet Musk.

[Anonymous No.28212328]

>>28212009
>>28212009
oh god there will genuinely be an elontown in nevada
ready to owe your soul to the company store?
https://www.engadget.com/nevada-innovation-zones-205154589.html

[Anonymous No.28212401]

>>28204863
>people still believe everything they read

[Anonymous No.28212405]

Bubble company buys bubble coin

[Anonymous No.28212655]

>>28207583
jew detected

[Anonymous No.28212747]

>>28204863
>smoothbrains ITT talking about Tesla as though it's a car company

Tesla is not a car company, it's a software and technology company.

Musk owns patents on a number of key technologies related to
>ai based driving
>electric batteries
>production methods
Among other things.

This is hugely valuable IP and other auto makers have not been able to replicate it. Just look at how VW's $50bln venture into ID.3 totally underwhelmed.

Tesla's future will be in licensing this IP to other automakers who will not have the time or capital to match them in quality. It is feasible that their technology could ultimately be in most self-driving cars the way Intel has chips in every computer.

It's obviously far from certainty, but the value of Tesla would be astronomical as it would be a first mover with IP exclusivity in the next generation of transport, so that's why people are buying it now.

[Anonymous No.28212883]

And $elon is a bargain

https://thxelon.lol/

[Anonymous No.28212948]

>>28212328
>elontown
oh, nothing surer mate. Be like Jonestown, but with Elon. He'll declare himself 'beyond the reaches of the SEC', start issuing fatwahs against people posting Tesla crash videos and eventually go Full Howard Hughes, and be taken out by a specialist team of Navy Seals. Screencap this.

[Anonymous No.28213032]

>>28204863
The stock market was a mistake. People should only be able to buy shares in a company directly from the company and the only return should be dividends.

[Anonymous No.28213053]

>>28204863
Meme energy.
I've never actually seen a Tesla in real life despite driving thousands of miles every year.

[Anonymous No.28213124]

>>28212948
>He'll declare himself 'beyond the reaches of the SEC'
he already figured this out. the dogecoin pump is the first of his SEC-skirting activities since his stupid GAMESTONKS!!!! tweet