They are also backlogged 18-24 months for their utility scale storage. There is substantial demand for every unit manufactured.

Still doesn't justify its valuation. Tesla is very far from worthless but nowhere near worth its stock price.

> Tesla is very far from worthless but nowhere near worth its stock price.

Stock price is based on future expectations, not past value. Tesla is still growing very fast.

Do you know there is a much better place to express this opinion than a message board?

The market can stay irrational longer than you can stay solvent.

It's got the number 1 spot by a small margin and Toyota has spot 2, 3, 4 and 5 (https://www.motor1.com/news/669135/tesla-model-y-worlds-best...).

It still makes less money than any other of these automakers.

Also margins have fallen like rocks, there's been 3 price cuts in one year.

I can buy a tesla for less than a golf in Italy.

Cars aren't great stocks. Low margins too much competition. jm2c

It's a competitive market but also a really large one, people spend a LOT of money on their cars. Much more than they spend on iPhones or Netflix.

> It still makes less money than any other of these automakers.

Source?

It's great that they can sell same model massively (so they can cut many costs for designing vehicle/factory/warehouse), but why don't you compare entire vehicle sales count? The article is too biased as it's electrek. Even if they compared entire sales count, it's growing.