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Tesla earnings call - Elon Musk: We will reach a market cap of $700B
Posted on 5/5/17 at 3:38 pm
Posted on 5/5/17 at 3:38 pm
quote:
From the Tesla earnings Call (5/3/17):
Brian: Elon, you outlined a scenario where you could get to $700 billion in market cap. how are you looking at that?
Elon: Well, now I may want to preface this by of course I could be completely delusional, but I think I see a clear path to that outcome.
Brian: Okay. And anything else in terms of other businesses or volume, or still pretty much on that track?
Elon: The set of steps necessary to achieve that outcome seems pretty obvious. I am heavily involved in Tesla getting incredibly good at the machine that builds the machine. Which involves, by the way, a tremendous amount of software. This is not just a bunch of robots that are sitting there. It's the programming of robots and how they interact. And it's far more complex than the software in the car. I mean, I think, this is just going to be a very difficult thing for other manufacturers to copy. I would not know what to do if I were in their position.
Is this when you throw out your PE multiples, EBITDA multiples and other public comps, and DCF models and all other valuation methods known to man and invest on pure speculation and future hype?
2
Posted on 5/5/17 at 3:46 pm to Street Hawk
quote:
invest on pure speculation and future hype
Isn't that already the case?
Posted on 5/5/17 at 4:29 pm to juice4lsu
quote:
Isn't that already the case?
This
ETA: not saying that Tesla isn't an innovative company and they can't get to that market cap, but as it stands right now, the price isn't based on the underlying fundamentals.
This post was edited on 5/5/17 at 4:31 pm
Posted on 5/5/17 at 4:36 pm to Street Hawk
quote:
This is not just a bunch of robots that are sitting there. It's the programming of robots and how they interact. And it's far more complex than the software in the car. I mean, I think, this is just going to be a very difficult thing for other manufacturers to copy.
Now that's delusional.
Posted on 5/5/17 at 9:37 pm to C
People used to accuse Steve Jobs of surrounding himself and Apple with a reality distortion field. I think Mr. Musk has outdone even the great Jobs. And while I'm a real fan of Elon Musk, his out of the box thinking and his shoot for the stars style, there's no way that I could justify an investment in Tesla at this stage. I used to trade in and out of Solar City. Always managed to get some base hits with that. But whether Tesla gets to $700 billion or not, I cannot justify buying a ticket on that train.
This post was edited on 5/5/17 at 9:38 pm
Posted on 5/5/17 at 10:30 pm to Jag_Warrior
My sisters $15k of tesla is $60k and its all riding on the table.
My whole family are gamblers.
Lots of positive speech.
I am a money magnet.
My whole family are gamblers.
Lots of positive speech.
I am a money magnet.
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