> Not sure what relevance Musk selling shares has to do with profit they've made. That seems completely irrelevant.
Selling shares for more than the company made in its entire existence, demonstrates the shares are overvalued.
> By comparison GM made 2.7 billion and Stellantis lost 20 billion.
2.7/3.7 = 0.73; GM's market cap is $77.67bn, using them as your framing of the problem gets you to a Tesla market cap of $106.40bn, not their actual ~$1.5T.
And Toyota made 40-45 billion USD profit for each of the last few years, i.e. more than Tesla in its lifetime, while having a market cap that's currently $316.8bn.
Telsa, market cap $1551bn, about 5x that of a company which makes more each year than it did in total, is overpriced. Especially given how harshly both Tesla's profits and sales are declining even in otherwise growing markets.
Telsa could shift the decimal point on its market cap one place and still be overpriced.
Given what they are as a business, they are not in "a phenomenal position financially", they are in an OK position for a normal boring traditional car company and a terrible one for a trillion-dollar market cap club company.
(Numbers from companiesmarketcap.com, in case anyone complains those are out of date).
No, they're not. The only thing they sell are cars and car-stuff. They have yet to sell those humanoid robots they show off. Hell, there's other car companies who also make humanoid robots, who have more than twice Tesla's revenue: https://en.wikipedia.org/wiki/Hyundai_Motor_Group
Even Tesla's subsidiary, Tesla Energy, which breaks out beyond "cars" is only about 10% of revenue of the car company, so even if you argue their ownership structure makes the group "more", it's still not "far more", but rather "rounding error".
Tesla's AI is just car AI, which other car manufacturers also have, and bluntly seem to be doing a bit better with it.
Even if they were "much more", a 90% drop in market cap would still see it priced like a high-growth tech firm, of the kind which people are independently worried may be in a bubble.
When the market prices this in, Tesla's share price will go down 90-99% on the international market. Perhaps not in USD though, depends how hard that goes weird.
Selling shares for more than the company made in its entire existence, demonstrates the shares are overvalued.
> By comparison GM made 2.7 billion and Stellantis lost 20 billion.
2.7/3.7 = 0.73; GM's market cap is $77.67bn, using them as your framing of the problem gets you to a Tesla market cap of $106.40bn, not their actual ~$1.5T.
And Toyota made 40-45 billion USD profit for each of the last few years, i.e. more than Tesla in its lifetime, while having a market cap that's currently $316.8bn.
Telsa, market cap $1551bn, about 5x that of a company which makes more each year than it did in total, is overpriced. Especially given how harshly both Tesla's profits and sales are declining even in otherwise growing markets.
Telsa could shift the decimal point on its market cap one place and still be overpriced.
Given what they are as a business, they are not in "a phenomenal position financially", they are in an OK position for a normal boring traditional car company and a terrible one for a trillion-dollar market cap club company.
(Numbers from companiesmarketcap.com, in case anyone complains those are out of date).