How does Apple's profit compare to every other cell phone maker?
And how does Tesla's profit compare to every other car manufacturer?
Clearly Tesla is very early in their journey, and their valuation and PE is wildly different from Apple, they're not even in the same ballpark. The equivalent in Apple's trajectory would be Apple being valued in 2008 say after the promising iPhone launch at almost 1 trillion, does that sound reasonable to you? In fact they were valued in 2008 at 80 billion, 1/10 of Tesla at present.
I think it's too high, the parent thinks it's too high, and even Elon Musk thinks the valuation is too high (as he said twice earlier this year).
And how does Tesla's profit compare to every other car manufacturer?
Clearly Tesla is very early in their journey, and their valuation and PE is wildly different from Apple, they're not even in the same ballpark. The equivalent in Apple's trajectory would be Apple being valued in 2008 say after the promising iPhone launch at almost 1 trillion, does that sound reasonable to you? In fact they were valued in 2008 at 80 billion, 1/10 of Tesla at present.
I think it's too high, the parent thinks it's too high, and even Elon Musk thinks the valuation is too high (as he said twice earlier this year).