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Electronics whiz Elon Musk is now the world's richest person

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vad:

--- Quote from: BravoV on January 09, 2021, 12:41:41 pm ---Hmmm .. so no more freedom of greed and right for collecting wealth, and if you are rich, your wealth must be distributed among those low life peasants ?  >:D

I guess you are the socialism aficionado ? Any plan to migrate to Rusia or China ?  Be warned though, every and any thing related to China, is evil. :-DD

--- End quote ---
You can strike off Russia from that list. Russia used to be commi state, where everyone was equal in their poverty,  but that was over 30 years ago.The gap between rich and poor in that part of the world is now comparable to developed countries (for example, Russia’s Gini index is higher than Australian), while the tsar’s wealth (wealth available for Putin’s immediate personal disposal, measured by the wealth of his old buddies from kindergarten, wealth of his mistresses and family members, wealth of personal trainers, personal stylists, former bodyguards etc.) easily outshines Musk’s paper valuation.

vad:

--- Quote from: tom66 on January 09, 2021, 11:29:50 am ---The biggest problem with TSLA I have right now is their $700 bn valuation seems sky high, it's got to crash down to something more reasonable like $100 bn... right?  I just can't see that being sustainable.

--- End quote ---
Sure, all investors are greedy idiots. But wait a minute, they can’t be greedy, if they waste money paying 7 times the stock price.

TSLA stock today is worth what others are willing to pay for that stock now. Same applies to future prices. Today’s market price is the best approximation of the future price.

PS. If someone can buy TSLA at $125 per share at the market today, or buy Bitcoin for $6,700 - be my guest. You will not only be able to prove me wrong, but also will have a chance to sell immediately at +500% profit, pay the taxes and feed the hungry. Any takers?

BravoV:

--- Quote from: vad on January 09, 2021, 03:26:39 pm ---You can strike off Russia from that list.
--- End quote ---

Hmmm ... you're right, I stand corrected as just realized the current "developed narrative" lately is stealthily shifted where its now white (as in caucasian) versus the evil China and the dictator Xi Jinping, while Putin no longer carry the dictatorship name tag anymore, and the calling is slowly fade away.  :-DD

tom66:

--- Quote from: vad on January 09, 2021, 03:53:51 pm ---
--- Quote from: tom66 on January 09, 2021, 11:29:50 am ---The biggest problem with TSLA I have right now is their $700 bn valuation seems sky high, it's got to crash down to something more reasonable like $100 bn... right?  I just can't see that being sustainable.

--- End quote ---
Sure, all investors are greedy idiots. But wait a minute, they can’t be greedy, if they waste money paying 7 times the stock price.

TSLA stock today is worth what others are willing to pay for that stock now. Same applies to future prices. Today’s market price is the best approximation of the future price.

PS. If someone can buy TSLA at $125 per share at the market today, or buy Bitcoin for $6,700 - be my guest. You will not only be able to prove me wrong, but also will have a chance to sell immediately at +500% profit, pay the taxes and feed the hungry. Any takers?

--- End quote ---

Bubbles can and do happen.  Just look at the first Bitcoin crash or the Dot-Com bubble. 

The only way Tesla is worth $700 bn is if they outsell every other automaker in the top 10 - right now they aren't even in the *top 20*.

Sure, Tesla could overtake all of the other manufacturers, but I think a more likely outcome is they become a big player in the top 10, the stock market cools down for a bit, and they take on a valuation that is more in line with revenues.

wraper:

--- Quote from: tom66 on January 09, 2021, 06:46:42 pm ---Sure, Tesla could overtake all of the other manufacturers, but I think a more likely outcome is they become a big player in the top 10, the stock market cools down for a bit, and they take on a valuation that is more in line with revenues.

--- End quote ---
Tesla in not only a car manufacturer. Also they do way less outsourcing than others. You can think about it as several times more car made per car sold. Say one company does only a final assembly, which amounts to 20% of a whole process but other company does 80% of total manufacturing. It would mean that second company produces 4 times more car per car. And thus has much larger manufacturing capabilities and expertise in different areas. Tesla has their own material R&D, they develop their own alloys no other company has. They develop their own batteries and develop production lines. That's besides solar, energy storage and other things. They are even into medical (not ventilators, happened before COVID). https://bioprocessintl.com/bioprocess-insider/therapeutic-class/instant-carna-tesla-touts-rna-bioreactor-it-is-developing-with-curevac/

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