I just today had a revelation about Tesla valuation. Pardon me as I’m nearly certain this has been mentioned somewhere in the thread and I missed it.
It’s been my fear for the past few years, that as EV start ups struggle/fail, they would drag Tesla‘s valuation down with them. Like Lucid delivering less than 100 cars and they barely work (though they allegedly have excellent efficiency)
My revelation is that Wall Street is possibly just smart enough to realize this; as these others fail and Tesla continues to succeed. It’s possible we see some outflows from the Fords, GM’s, Lucids, and rivians; and Tesla possibly sees a rerating for doing the impossible. Empty promises be damned.
We here, all know that there is only 1 Tesla. It’s becoming harder for the knuckleheads on Wall Street to ignore this. And somehow this knucklehead just realized it will help, not hurt the Tesla valuation.
I won’t deny that Tesla is being valued richly for its top to bottom line performance. But I think soon, there will be some greater than zero value assigned for being THE ONLY pure EV play.