theworldismine13
God Emperor of SOHH
Lol, I really do love this Market.. nah I don't.
My thoughts on Telsa have been the same since it hit 600 pre covid crash.
Love the company
Neutral on the CEO
Hate the Valuation
Hate the cult even more.
Tesla owners looking for love can now join a dating network exclusively for 'like-minded Elon stans'
Anyway....
Q2 2020 Revs For Tesla: 5.2B
Net Income: 100 Million
Market Cap: 378B
Net Margin: 1.92%
Q2 2020 Revs for Walmart 134.5B
Net Income: 3.9B
Market Cap: 369.7B
Net margin: 2.9%
Q2 2020 revs for Visa 4.84B
Net Income: 2.37B
Market Cap: 434 B
Net margin: 49%
shyt, i know growth >>> value in the general market the last few decades but shyt... It's actually funny, i just did a seminar at GS a few weeks ago and the dude who did the Tesla valuation was doing a Q&A.... Obvi every had question and first was regarding the price. It' was trading at 1600 and their valuation was 1300 if i remember correctly.... Anyway, dude could hardly look into the camera and with a funny ass grin was like "yeah well assuming 20% y/y growth, drastic changes to their margin, and with a 3.5% perpetuity( This number should NEVER be over 2%) we have Tesla a 1300 so yeah it's over valued (mind you all the assumptions were pretty much best case scenario).
Do what you will, but in my opinion the risk/reward is trash, even if it hits 3k by end of month
It really is a meme stock.
nothing you have said is different from 3 or 5 years ago, so there is obviously something you are missing