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Tesla's market cap is way too high. 31 billion? Please.GM's market cap is 45 billion. It simply doesn't make sense.Tesla claims they'll be profitable in 2020 when they can sell 500,000 cars a year. Although I see and understand the valuation, I think it's a bubble. Until Musk comes out with a strategy that involves him understanding China I just don't see this valuation as sensible.I'm not a Tesla/Musk believer because I know enough extremely intelligent electrical engineers in the solar and battery space who said that the cars and the house battery are both too premature and will never pay themselves off. It's a luxury brand that pretends to have a financial benefit IMHO.If Elon steps down from the automotive stuff after the Model 3 then it's going to get even more interesting. He's the Steve Jobs of that company.
Tesla's market cap is way too high. 31 billion? Please.
GM's market cap is 45 billion. It simply doesn't make sense.
Tesla claims they'll be profitable in 2020 when they can sell 500,000 cars a year. Although I see and understand the valuation, I think it's a bubble. Until Musk comes out with a strategy that involves him understanding China I just don't see this valuation as sensible.
I'm not a Tesla/Musk believer because I know enough extremely intelligent electrical engineers in the solar and battery space who said that the cars and the house battery are both too premature and will never pay themselves off. It's a luxury brand that pretends to have a financial benefit IMHO.
If Elon steps down from the automotive stuff after the Model 3 then it's going to get even more interesting. He's the Steve Jobs of that company.
