Elon Musk buys and ruins Twitter

domalino said:
Worth pointing out the context here that Ford's annual sales in the US alone are more than Tesla's entire worldwide sales 2003-2022.
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Yeah, they're totally overvalued imo. Sweep could give a more educated opinion than me but I don't think he disagrees.
@SWP's back
 
domalino said:
Worth pointing out the context here that Ford's annual sales in the US alone are more than Tesla's entire worldwide sales 2003-2022.
Click to expand...

A rational actor would have an exit strategy, e. g. sell or partner with an established car manufacturer and slowly divest from the industry at the time of his choosing rather than let time catch up with him.

Buying a social media company to turn into a super app and free speech utopia, and leveraging your most valuable assets to pay 4 times what is worth isn't exactly the most rational thing to do.
 
domalino said:
Worth pointing out the context here that Ford's annual sales in the US alone are more than Tesla's entire worldwide sales 2003-2022.
Click to expand...

yeah but given Tesla started about 20 years ago and Ford had already had a 100 year run up to that point shouldn't be overly surprised in that stat - as long as there are enough good ol' boys wanting an F150 they will do well but I was more referencing Ford Europe where the rise of the EV and the small SUV has just passed them by until its too late
 
The hubris of billionaires will hopefully be enough to slow the destructive path we seem to be on.
 
bluethrunthru said:
yeah but given Tesla started about 20 years ago and Ford had already had a 100 year run up to that point shouldn't be overly surprised in that stat - as long as there are enough good ol' boys wanting an F150 they will do well but I was more referencing Ford Europe where the rise of the EV and the small SUV has just passed them by until its too late
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Yeah, but weren't they the most valuable car company in the world at a time when they were selling handfuls of cars in the grand scheme of things?

It's almost like Tesla stocks were being propped up by people who were disappointed they didn't buy Apple stocks in the early 2000s and wanted to get on the next big thing. So many people think that Tesla is going to become the biggest car manufacturer in the world (and it might) that it's priced as if it already is. Or was until recently.

It kinda reminds me of the huge inflation of youth footballers. When Chelsea came along, the rags shifted their strategy to young players that they could get on the cheap. The struck lucky with Ronaldo, and suddenly every club in the world shifted to chasing the next big thing and suddenly barely proven kids were being priced as if they were world class talents.
 
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