It appears that no one has even presented napkin math to justify the price. Total addressable market is interesting, but doesn't even qualify as napkin math without even a rough idea of margins, capital needed, rough growth rates.
I am basically seeing an argument that Tesla is smart and will figure out ways to make money to justify a 50B mcap. That may be true, but I was hoping for more.
I will likely buy puts on this once the squeeze subsides.
All arguments so far I would basically describe as hand-waving which gives me more confidence that the market is too optimistic.
All that said, if you have been long this, congratulations.
I am basically seeing an argument that Tesla is smart and will figure out ways to make money to justify a 50B mcap. That may be true, but I was hoping for more.
I will likely buy puts on this once the squeeze subsides.
All arguments so far I would basically describe as hand-waving which gives me more confidence that the market is too optimistic.
All that said, if you have been long this, congratulations.