Ah so only the unverifiable services that don't require an easily trackable commodity did well.
I wish I could make up income too.
this post was submitted on 30 Jan 2025
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You can't base their company value on the stock market ... you base it on how much power and influence they have over government.
And judging by the amount of stupidly arranged love affair they are having with the government .... they should be very highly valued.
No, you base company value on its current and future earnings.
All that government influence is useless if people stop buying your products. And it turns out lots of people don't want to buy products associated with Musk.
Not in this world.
People will be pushed to buy the products. Patriotism, xenophobia, lies, economic fear and tariffs, straight up government manipulation and collusion.
That’s the value Elon has, Zuck is jealous of, Tesla and the shareholders will benefit from, and the people allow.
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Good.
aims to grow automotive sales by more than 60% in 2025.
I think this is being reported incorrectly in a lot of places.
They said the new vehicles they're launching in H1 2025 will allow them to grow 60% to the 3 million capacity they have.
They did not say in 2025, but it looked like it could be interpreted as 2025 without saying it.
I think this is being reported incorrectly in a lot of places.
Elon Musk said his team expects “an epic end of year” for the company as it aims to maintain its 50% annualized growth rate.
I don't think you are aware how crazy Musk's promises are.
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Net profits $2.3B. "Poor financial results". How does one reconcile these two things?
But yeah, I live in a country that has had about 0% growth since 2008 :-| Perhaps this is bad news for you rich yankees.
Also note that the automotive industry seems to be pretty much flatlining for the last 5 years or so: https://www.vettafi.com/indexing/index/autos -- so Tesla is not doing particurarily badly in the large picture.
The issue is the price to earnings ratio of the Tesla stock which is almost 200:1.
The level of profit is not bad for a normally price company but Telsa needs to have profits grow exponentially to justify their stock price.
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pop?
Tesla’s share price increased by 103% over the same period.
It's funny when people cry about crypto being a scam when the entire "economy" is a casino based on genocide tokens.
They're both scams, but at least companies make things.
So they are making bank on storage and energy, but they are allowing Trump and the EPA to ruin it? Also he makes electric vehicles and Trump and Co are trying to bring back gas guzzlers and straight pipes. Hmmm. I think Elons mouth wasn't sufficiently moist enough for trump.
i guess time to short it? seems like a bubble
The problem is that it has been a bubble for most of its public trading existence. It was highly overvalued 10 years ago, the stock price has never made sense, so who knows when it will finally correct.
All it needs is a couple of opportunistic fuckers to take advantage of chaos and that shit will plummet like a fucking rock.
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Neat.