All I see is verbal narratives that don't justify the price. Just saying that Tesla is good company, grows fast, has advantage, is not enough. Everything can be overvalued.
Narratives without numbers are just as valid for $100B valuation as they are for $500B or $1 Trillion.
Has any Tesla investor done the investor math justifying the price compared against SP500 Index Fund for 6% total return for example.
Even if Tesla's revenue and profit margin equal Toyota 10 years from now, I can't see it being worth $100B today. Permanently higher product margins and no viable competition?
Many analysts have run the numbers. ARK Invest is an example of one bullish fund with open numbers - typically bears anticipate only ice auto revenue and margins and thus compare to Toyota say as you have, and bulls anticipate Tesla dominating multiple markets (EV, Domestic energy, RoboTaxis), and bringing battery costs down.
Forecasting single stocks 5-10 years out is notoriously difficult though, so the range of opinions is not surprising.
> Has any Tesla investor done the investor math justifying the price compared agaomst SP500 Index Fund for 6% total return for example.
Come on, no one does this for any stock. No stock has a value exactly in-line with math would tell you. Stocks like Amazon have been completely overvalued (as compared to what math tells you) for close to 20 years.
If you haven't yet learned that stock markets are based more around hype and emotions than math, don't invest.
Narratives without numbers are just as valid for $100B valuation as they are for $500B or $1 Trillion.
Has any Tesla investor done the investor math justifying the price compared against SP500 Index Fund for 6% total return for example.
Even if Tesla's revenue and profit margin equal Toyota 10 years from now, I can't see it being worth $100B today. Permanently higher product margins and no viable competition?