A lot of people are mistaken about what Tesla is. They are not a car company; they are a technology company, the car business is a portion of their value. Tesla is making huge profits in energy production, which will surpass car production as their main product. They have many deals worldwide with utility companies to capture and store energy, are a top seller of solar roofs and energy storage for homes and businesses, and are now in business with HVAC products for homes and businesses. In addition, they make efficient batteries, which is one reason the major automakers will have difficulty competing with Tesla in making EV cars. I believe that EV cars will only be 25 percent of cars made by 2035, so gas cars will be around for a long time. But Tesla will much of the EV market as theirs in order to make lots of money, much of it from robo-taxis and transport vehicles. Their stock is going up because of their future value a few years from now.
“ A lot of people are mistaken about what Tesla is. They are not a car company; they are a technology company, the car business is a portion of their value. Tesla is making huge profits in energy production, which will surpass car production as their main product. “
No, they aren’t making any profits in energy production let alone huge profits.
“They have many deals worldwide with utility companies to capture and store energy, “
Read a little about the tiny bit of electricity “captured”, and how that is usually from overflow of the erratic solar and wind power produced at certain places. It messes with the utilities quite a bit and would not exist without government interference in the market.
“...are a top seller of solar roofs and energy storage for homes and businesses,”
Did you ever look at their business model? It equalizes power usage from places like Arizona to places like North Dakota artificially.
“...and are now in business with HVAC products for homes and businesses. In addition, they make efficient batteries, which is one reason the major automakers will have difficulty competing with Tesla in making EV cars.”
Car magazines regularly report far fewer than reported range mileage, problems with fit and finish and other quality control. Check out the You Tube video of a guy that just bought a Tesla and the roof blows off while he’s driving it home.
“ I believe that EV cars will only be 25 percent of cars made by 2035, so gas cars will be around for a long time. But Tesla will much of the EV market as theirs in order to make lots of money, much of it from robo-taxis and transport vehicles. Their stock is going up because of their future value a few years from now. “
My point is that expected future value has been greatly overestimated for years.