"Volkswagen sold 274,278 BEVs in Europe last year while Tesla sold 236,357, according to JATO data." – Reuters
I don't see how Teslas high valuations can be justified, in light of being overtaken globally by BYD, and in Europe by Volkswagen in EV automobile sales. Tesla is valued at high earnings multiples more like a technology company. Which is risky and speculative. Tesla is relying on its autonomous driving software and the future options of optimus robots for high valuations. It is no longer the technology or market leader in EVs.
Its multiples on earnings and sales are an order of magnitude bigger than Volkswagen. The potential for Tesla, to become one of the largest automakers, is no longer likely to be realized. The Optimus robots are a side bet, which may or may not pay off.
Tesla's high valuation is no longer justified
byu/truthandfreedom3 ineconomy
Posted by truthandfreedom3
1 Comment
Just another grift, that mostly naive younger people will defend fiercely. The most common defensive counterpoint is “durrrr what have you accomplished?” I’ve seen this type defense deployed for politicians and athletes as well.