Re:Anatomy of a Bubble – Tesla and Bitcoin
by rsynnott on Wednesday September 02, 2020 @10:28AM
(#24353613)
> If they keep growing at 30-50% for the next 5 to 10 years, they'll grow into a valuation that might seem excessive today
Well, I mean, you could say this of practically any growing business. But that _very, very_ rarely actually happens.
Seems particularly dubious in this case; most of the Tesla bull numerology seems to take as an article of faith that both demand for cars will grow quite dramatically over the next decade, and (even more dubious) that the ASP for cars will grow dramatically over the next decade.
Well, I mean, you could say this of practically any growing business. But that _very, very_ rarely actually happens.
Seems particularly dubious in this case; most of the Tesla bull numerology seems to take as an article of faith that both demand for cars will grow quite dramatically over the next decade, and (even more dubious) that the ASP for cars will grow dramatically over the next decade.