I just saw a post that said Tesla stock is only worth 1/5 as much as it’s valued as. It doesn’t make sense to me.
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At one point Tesla (in 2020?) was valued higher than all car manufacturers combined. And back then you could also talk to people who genuinely believed that all cars will be Tesla.
I mean we know how large is the population of Earth. We also have UN projections showing that it will likely not grow beyond 10 billion people. Not everyone owns a car, not everywhere people even started to transition to EVs. Yet, Tesla “valuation” often suggests that everyone will drive a Tesla (and all other car giants will go bankrupt). This is ridiculous.
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