quote:
GM and Ford are both down about 40% YOY. Comparing auto manufacturers seems more reasonable than comparing an auto manufacturer to Amazon or Microsoft or Apple.

I've seen people argue that Tesla is a tech company and other people argue that Tesla is an automotive company.

If Tesla is indeed an automotive company, it's massively overvalued compared with other automotive companies.

GM is down 27% from the 27th of January 2022 to 27th of January 2023.

Ford is down 33.5% from the 27th of January 2022 to 27th of January 2023.

In any case, I don't think Tesla's stock performance has been particularly good over the past year whether you benchmark it to automakers or tech companies.

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Posted by hojo

St. Louis, MO

Member since Mar 2005

1366 posts

Posted on 1/27/23 at 11:29 am to CAPEX

quote:
In any case, I don't think Tesla's stock performance has been particularly good over the past year whether you benchmark it to automakers or tech companies

Slashing the prices caught everyone off guard, and you combine that with superior profit margins and the worldwide manufacturing reach they have, the stock is going to keep going up. Will it get back to 300? Who knows? I wouldn't bet against him, though.

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Posted by DamnGood86

Member since Aug 2019

957 posts

Posted on 1/27/23 at 9:25 pm to CAPEX

quote:
GM is down 27% from the 27th of January 2022 to 27th of January 2023.

Ford is down 33.5% from the 27th of January 2022 to 27th of January 2023.

Tesla is down 36% from the 27th of January 2022 to 27th of January 2023.

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