Re:Tesla Q1 2021 Results
by mupuff1234 on Tuesday April 27, 2021 @07:22AM
(#26954462)
Most car manufacturers sell trucks, vans, etc as well.
Re:Tesla Q1 2021 Results
by TheTrotters on Tuesday April 27, 2021 @04:10AM
(#26953331)
Yeah, perhaps it's easier to understand Tesla's valuation if we look at is as a solar energy company, not just a car company.
And that's just vehicles. Their solar business is scaling nicely. Grid storage is a growth market as well. And of course they are pairing their solar with domestic storage as well. All rapid growth markets. That's why their market cap is what it is. Multiple rapid growth markets, a proven ability to scale and execute, etc. That's why investors love them.
A market crash would be brutal for everyone. Particularly those with struggling product lines and outdated products that are very dependent on both to secure the revenue to invest themselves out of that mess.