Elon Musk is now the tastiest man alive

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OrangeRKN
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PostElon Musk is now the tastiest man alive
by OrangeRKN » Thu Jan 07, 2021 5:48 pm

If you're going to eat the rich, you'll now want to start with Martian Emperor Elon Musk as he has overtaken Mr Monopoly Jeff Bezos as the world's richest human-like entity with a new net worth of $185bn (£136bn).

In 2019 the median wealth per adult worldwide was estimated at $1,546

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PostRe: Elon Musk is now the tastiest man alive
by Ecno » Thu Jan 07, 2021 5:50 pm

Considering his company doesn't make any money that's pretty impressive.

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PostRe: Elon Musk is now the tastiest man alive
by Lex-Man » Thu Jan 07, 2021 5:52 pm

Ecno wrote:Considering his company doesn't make any money that's pretty impressive.


Neither does Amazon though.

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PostRe: Elon Musk is now the tastiest man alive
by Zilnad » Thu Jan 07, 2021 5:53 pm

That's nothing compared to my Cookie Clicker empire.

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PostRe: Elon Musk is now the tastiest man alive
by OrangeRKN » Thu Jan 07, 2021 5:53 pm

It seems like a huge overvaluation based on Tesla dominating the US electric car market and expectations of the new Democrat regime aggressively pushing for uptake of electric cars

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PostRe: Elon Musk is now the tastiest man alive
by Moggy » Thu Jan 07, 2021 5:58 pm

Lex-Man wrote:
Ecno wrote:Considering his company doesn't make any money that's pretty impressive.


Neither does Amazon though.


That's not true. Amazon makes billions in profit.

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PostRe: Elon Musk is now the tastiest man alive
by Grumpy David » Thu Jan 07, 2021 6:00 pm

The Electric Vehicle market certainly seems to be in a bubble but I'm not brave enough to short Tesla stocks. The market can remain irrational for longer than I can remain solvent.

Tesla's Price To Earnings Ratio is over 1500. Amazon is 91 for comparison which would still be considered high!

The only way that possibly can make sense is if Tesla become the number 1 car seller in the world, the number 1 self driving car tech, number 1 insurance sales, number 1 in batteries and number 1 in SaaS.

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PostRe: Elon Musk is now the tastiest man alive
by Lex-Man » Thu Jan 07, 2021 6:05 pm

Moggy wrote:
Lex-Man wrote:
Ecno wrote:Considering his company doesn't make any money that's pretty impressive.


Neither does Amazon though.


That's not true. Amazon makes billions in profit.


Yeah it appears they've been making money since 2017.

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PostRe: Elon Musk is now the tastiest man alive
by Lex-Man » Thu Jan 07, 2021 6:08 pm

Grumpy David wrote:The Electric Vehicle market certainly seems to be in a bubble but I'm not brave enough to short Tesla stocks. The market can remain irrational for longer than I can remain solvent.

Tesla's Price To Earnings Ratio is over 1500. Amazon is 91 for comparison which would still be considered high!

The only way that possibly can make sense is if Tesla become the number 1 car seller in the world, the number 1 self driving car tech, number 1 insurance sales, number 1 in batteries and number 1 in SaaS.


Electronic vehicle seems like a good growth market, that said I could see Tesla going to the wall and being bought out by somebody like Ford for a fraction of their current market value.

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PostRe: Elon Musk is now the tastiest man alive
by Moggy » Thu Jan 07, 2021 6:09 pm

Lex-Man wrote:
Moggy wrote:
Lex-Man wrote:
Ecno wrote:Considering his company doesn't make any money that's pretty impressive.


Neither does Amazon though.


That's not true. Amazon makes billions in profit.


Yeah it appears they've been making money since 2017.


They were making plenty before that. They just don't like paying tax.

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PostRe: Elon Musk is now the tastiest man alive
by Squinty » Thu Jan 07, 2021 6:38 pm

He may be an asshole, but I am heavily interested in everything he is doing with Space X.

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PostRe: Elon Musk is now the tastiest man alive
by Ecno » Thu Jan 07, 2021 6:40 pm

Grumpy David wrote:The Electric Vehicle market certainly seems to be in a bubble but I'm not brave enough to short Tesla stocks. The market can remain irrational for longer than I can remain solvent.

Tesla's Price To Earnings Ratio is over 1500. Amazon is 91 for comparison which would still be considered high!

The only way that possibly can make sense is if Tesla become the number 1 car seller in the world, the number 1 self driving car tech, number 1 insurance sales, number 1 in batteries and number 1 in SaaS.


Pre split when Tesla was about $400 a share I thought about shorting them, I opened a demo account and 'bought' put options. Glad I didn't do it for real.... though I'm still not convinced the Company is actually worth anything.

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PostRe: Elon Musk is now the tastiest man alive
by Grumpy David » Thu Jan 07, 2021 7:15 pm

Ecno wrote:
Grumpy David wrote:The Electric Vehicle market certainly seems to be in a bubble but I'm not brave enough to short Tesla stocks. The market can remain irrational for longer than I can remain solvent.

Tesla's Price To Earnings Ratio is over 1500. Amazon is 91 for comparison which would still be considered high!

The only way that possibly can make sense is if Tesla become the number 1 car seller in the world, the number 1 self driving car tech, number 1 insurance sales, number 1 in batteries and number 1 in SaaS.


Pre split when Tesla was about $400 a share I thought about shorting them, I opened a demo account and 'bought' put options. Glad I didn't do it for real.... though I'm still not convinced the Company is actually worth anything.


Yeah it's practically a rule of the stock market now: "Don't bet against Elon". PE Ratio means nothing apparently.

I think with lockdown being financially beneficial to so many office workers and interest rates on cash savings being pathetic that it's encouraged many to invest in stocks who never previously have done (and the regular investors to have more to put in too) and combined with "Money Printer go brrrr" you get market values that can't be justified using normal analysis.

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PostRe: Elon Musk is now the tastiest man alive
by Lex-Man » Thu Jan 07, 2021 7:44 pm

Grumpy David wrote:
Ecno wrote:
Grumpy David wrote:The Electric Vehicle market certainly seems to be in a bubble but I'm not brave enough to short Tesla stocks. The market can remain irrational for longer than I can remain solvent.

Tesla's Price To Earnings Ratio is over 1500. Amazon is 91 for comparison which would still be considered high!

The only way that possibly can make sense is if Tesla become the number 1 car seller in the world, the number 1 self driving car tech, number 1 insurance sales, number 1 in batteries and number 1 in SaaS.


Pre split when Tesla was about $400 a share I thought about shorting them, I opened a demo account and 'bought' put options. Glad I didn't do it for real.... though I'm still not convinced the Company is actually worth anything.


Yeah it's practically a rule of the stock market now: "Don't bet against Elon". PE Ratio means nothing apparently.

I think with lockdown being financially beneficial to so many office workers and interest rates on cash savings being pathetic that it's encouraged many to invest in stocks who never previously have done (and the regular investors to have more to put in too) and combined with "Money Printer go brrrr" you get market values that can't be justified using normal analysis.


Isn't that quite common in the tech sector there seems to be a load of companies worth a load cash but make annual losses or very little at all.

Amusement under late capitalism is the prolongation of work.
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PostRe: Elon Musk is now the tastiest man alive
by Grumpy David » Thu Jan 07, 2021 9:06 pm

Lex-Man wrote:
Grumpy David wrote:
Ecno wrote:
Grumpy David wrote:The Electric Vehicle market certainly seems to be in a bubble but I'm not brave enough to short Tesla stocks. The market can remain irrational for longer than I can remain solvent.

Tesla's Price To Earnings Ratio is over 1500. Amazon is 91 for comparison which would still be considered high!

The only way that possibly can make sense is if Tesla become the number 1 car seller in the world, the number 1 self driving car tech, number 1 insurance sales, number 1 in batteries and number 1 in SaaS.


Pre split when Tesla was about $400 a share I thought about shorting them, I opened a demo account and 'bought' put options. Glad I didn't do it for real.... though I'm still not convinced the Company is actually worth anything.


Yeah it's practically a rule of the stock market now: "Don't bet against Elon". PE Ratio means nothing apparently.

I think with lockdown being financially beneficial to so many office workers and interest rates on cash savings being pathetic that it's encouraged many to invest in stocks who never previously have done (and the regular investors to have more to put in too) and combined with "Money Printer go brrrr" you get market values that can't be justified using normal analysis.


Isn't that quite common in the tech sector there seems to be a load of companies worth a load cash but make annual losses or very little at all.


Yes true, they're usually priced based on optimistic future potential but they tend to have much smaller market caps, 1 year ago Tesla was less than one seventh the value it is now. Tesla's value today is what Apple was at in 2018 but Apple has made incredible levels of profit every year for almost 2 decades.

Only Apple, Amazon, Microsoft and Google are worth more than Tesla and they are essentially Monopolies in their respective fields. It's their PE Ratios you need to compare Tesla with, not start up tech companies in their early days.

The level of investor confidence in Tesla can only be justified if you expect Tesla to dominate several different industries. "It's not just a car company" is the philosophy.

However Tesla's market cap at over $700 billion amounts to over $1.25 million per car sold each year versus $9,000 per car for GM.

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PostRe: Elon Musk is now the tastiest man alive
by Jenuall » Thu Jan 07, 2021 9:19 pm

I can't see Tesla ever actually living up to this kind of valuation, but for short term investors willing to take the risk there's clearly money to be made if you can get the timing right

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PostRe: Elon Musk is now the tastiest man alive
by Lex-Man » Thu Jan 07, 2021 9:42 pm

Apparently Toyota is only worth 215 billion so 700 for Tesla seems way over priced.

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PostRe: Elon Musk is now the tastiest man alive
by shy guy 64 » Thu Jan 07, 2021 9:48 pm

yeesh

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PostRe: Elon Musk is now the tastiest man alive
by Grumpy David » Thu Jan 07, 2021 9:50 pm

Jenu-All I Want For Christmas wrote:I can't see Tesla ever actually living up to this kind of valuation, but for short term investors willing to take the risk there's clearly money to be made if you can get the timing right


That's true of all bubbles, the problem is timing the bubble and selling before the pop is a very high risk strategy.

After the Dot Com Bubble in 2000 it took until 2014 for Microsoft shares to recover to the same value.

Lex-Man wrote:Apparently Toyota is only worth 215 billion so 700 for Tesla seems way over priced.


Tesla is worth more than all other car companies combined. :lol:

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PostRe: Elon Musk is now the tastiest man alive
by rinks » Thu Jan 07, 2021 10:39 pm

Never mind the companies. According to that median value, that one man has 120 million people’s share of global wealth. Someone needs to take the strawberry floater down.


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