They also have sales numbers that have tanked they are sitting on huge amounts of unsold inventory no one is willing to buy and. A company cant surive long on market vibes alone (especially when they are dropping) when the fundamental are trash.
I think that, at the true value of for Tesla, their accurate share price is in the range of $10-$20 per share. These numbers are not missing a digit.
I think 25x difference between what they cost and their actual value is due to Musk, and his reality distortion field.
So while I agree with you that he and his behaviour are ruining the actual real value of his businesses… what you're seeing in the stock price is still him keeping it up, more than him dragging it down.
$50/share would reduce their current absurd P/E of 162 down to about 27.5.
BMW's P/E is currently about 7; Porsche about 12; Renault about 16; BYD (who has their own autopilot) about 24.
Tesla's models are no longer competitive, the plans for the robo-taxi release this month is about 5.5 years behind Waymo (or 6.5 years if they use safety drivers, even remote ones), and several other businesses already sell humanoid robots for less than his speculative price for Optimus.
Of Optimus: the public demonstration was uninspiring, because even if you assume it was all AI the only thing it did that was impressive was picking out a single voice in an environment with many unrelated background voices — but worse than that, there's increasing reason to suspect that even when Musk says "our AI does XYZ", it isn't and can't.
> plans for the robo-taxi release this month is about 5.5 years behind Waymo (or 6.5 years if they use safety drivers, even remote ones)
Clocking how far behind Tesla is remains tricky given the massive amounts of telemetry they collect from their legacy fleet. (As well as their seated production base.) We can only conclude, from their lack of a product, that they're probably no more than half a decade behind Waymo.
-94.65 (-24.28%) past 6 months