TheAsterisk!
Elio Aficionado
Frankly, that has little to no bearing on my point. I didn't say their cars don't or won't sell. It remains a tremendously overvalued stock compared to any other auto manufacturer, burgeoning and mature alike, and it's often compared instead to tech and web startups, many of which go through this same silly overvaluation before either settling to a more reasonable share price or which fail to monetize their service(s) and control costs.My personal assessment is that the Tesla Model 3 seems to have market potential with 300,000 + reservations.
Tesla has a product and revenue, but I worry over their costs, and the share price is still silly even assuming a bright future for all their menagerie of business ventures.
The point here is not that Tesla is doomed or some claim against their products merits- I do that elsewhere- but to point out the volatility of the emotional investor, always salivating over easy, fast gain. It's why so many so wishfully compare a newer company in capital-intensive industrial and manufacturing ventures- automotive design and production, power generation, etc.- to low-capital (relative to revenues) software and web firms. They're accustomed to 'high-tech' meaning 'cheap and easy with a fast return', even though that's largely a function of how cheap software and web development can be and not directly related to technological advancement, so they see Tesla as being just that, production and engineering outlays of necessity notwithstanding. Nobody in their right mind compares vehicle assembly to Netflix server farms, but that's the sort of crap that happens all the time with this business.
TL;DR
Way to completely misunderstand what I'm saying.
It's not "Tesla sucks", it's that the regular comparisons of Tesla to Amazon and the like are "apples to oranges", at best, and belie that most investors are both impatient and ignorant of the distinctions between types of businesses and production capital.