tal
2026-04-02T00:36:30Z

So, I'd agree that he's probably not doing a fantastic job of running Tesla as an auto company these days. However, if you consider Tesla to just be an auto company, its valuation is way too high. I think I heard someone put it along these lines a while back, that "Tesla is a solid auto company, but one valued at ten times what it's worth." The only way its present-day valuation can really be justified by an investor is if they think that the bulk of the company's value is going to come from new things that it is doing and that those things will all be wildly successful, like robotaxi service and humanoid robots and all that. The value that would have to come to those for Tesla valuation not to already be wildly out of whack would have to be so large that what Tesla does as an auto company wouldn't matter that much.

EDIT:

money.usnews.com/investing/sto…

Toyota: Market Cap: $264.50B, P/E 11.08

money.usnews.com/investing/sto…

Tesla: Market Cap: $1333.16B, P/E 354.33

money.usnews.com/investing/sto…

General Motors: Market Cap: $65.77B, P/E 24.93