Apple dials back car's self-driving features and delays launch to 2028

Re:Apple dials back car's self-driving features and delays l... by selectodude on Tuesday January 23, 2024 @07:53PM (#39112208)

The market can stay irrational far, far longer than I can stay solvent.

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Re:Apple dials back car's self-driving features and delays l... by redox99 on Tuesday January 23, 2024 @09:05PM (#39112736)

Tesla's P/E with a market cap of 55B would be 5.5. How is that overvalued?

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Re:Apple dials back car's self-driving features and delays l... by sroussey on Tuesday January 23, 2024 @10:33PM (#39113290)

That’s more than GM.

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Re:Apple dials back car's self-driving features and delays l... by CydeWeys on Tuesday January 30, 2024 @04:47PM (#39196331)

So? Tesla is currently earning about 50% more profit than GM is, surely it should correspondingly be valued higher?

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Re:Apple dials back car's self-driving features and delays l... by danielmarkbruce on Wednesday January 24, 2024 @01:15AM (#39114213)

Pffft. They have done over 10 billion net in the past couple years. High ROE. They have a big, durable competitive advantage with their buying process v other companies (just go through the buying process across a number of car types). They have a big competitive advantage in staff capabilities, also in the ability to actually produce software.

Elon is no dummy. He targeted fat tired old industries to attack. It was brilliant. He now faces possibly the weakest competition in large business.

Suggesting it's worth less than $55 billion is silly.

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