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Samson Soturian
Wall Street Millennial
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Could Tesla Reach A $1 Trillion Market Cap?" video.
Pure speculation on future earnings mixed with ignoring how it'd be overpriced even with said growth.
12
That's absurd. Even if they take over the whole car market they're still overvalued. Now factor in the frenzy of competitors they've got and the fact that EV science may never surpass gas engines.
3
Double. Double trouble. Theta burn and market bubble!
3
@gordonjohnson2497 that's because Tesla owners are chumps. Can't confirm what you said about all other EV makers. And either way, that refers to margins RIGHT NOW, not what they'll be when EV goes mainstream.
2
If it really becomes widespread it'll have to compete with every other car company. Like Uber it would very quickly become a low margin business.
2
@jamesmeow3039 amazon built a lot of new distribution centers and invested in computer programming R&D to manage it all and gave a lot of employees stock options. This is also how they avoided paying Federal taxes as each of those is a deduction.
2
@adamriese3610 doesn't matter
1
@gordonjohnson2497 right now, maybe. That sort of profit margin won't last long as there are dozens of companies that make decent EVs.
1
You mind lending me that crystal ball when you're done with it?
1
@InfamousKicker right. It means automated taxis will be cheaper than Uber and drive them out of business. And if even half the cars on the road have this capacity, then there would be more available cars than users, driving the price of trip way down.
1
The CCP doesn't control Tesla. In fact Tesla got burned in China because their car makers couldn't make knockoffs of their cars.
1
@Prizax that's a gross exaggeration. Tesla has big factories all over and supply chains are insanely complicated. And again, a lot of Chinese people don't want Tesla competing in their markets, and Mr Musk ain't a commie so the idea anyone could give him orders is absurd.
1
@wamnicho most Chinese people don't own cars. They rely on public transit or use bikes, ebikes, scooters, etc. Even when they own cars they're little cheap cars. This is due to both poverty and how congested most Chinese cities are.
1
@wamnicho there's still a car market in China just as there's one in Mexico. Also a lot of car makers and investors have unrealistic expectations for the Chinese market due to the commie's... Creative accounting. And Chinese state run news have made all sorts of outlandish predictions. At one point it was stated as fact human cloning would be a thing in a few years, once it was announced 300 nuclear reactors were announced, recently it was announced that a thorium reactor was being built, once it was announced a giant space mirror was being built fir artificial daylight and so on and so forth. Most of these predictions are never attempted, and most of those fail in the attempt.
1
Because speculative bubble.
1
No one controls the stock market.
1