Why buy Tesla for $75 billion?
Just wait until the next financial crisis / recession and they can pick it up in bankruptcy for pennies on the dollar.
Tesla is such an interesting case.
I don’t believe they would even exist without the ability to sell ev “credits” to other manufacturers for California and the Northeast States Consortium and of course federal and state tax credits to the purchasers of the cars.
I’ve long felt it was a slam dunk short, but I know never to bet against a regime affiliate.
Tesla cannot possibly be worth $75 billion. Their sales have been less than $1 billion in their entire history. Apple could buy it right now for $26 billion. Heck, Apple could buy controlling interest in ALL of the American auto industry for $85 Billion and still have $100 Billion left in the bank!
TOTAL $169 Billion.