The Tesla profitable article wave seems done. They seem to have managed to scale just enough and just stable enough to unfold orders which was already a risk a year ago.
Tesla’s inflated stock price has already secured the future of the company, allowing it to raise $10 billion in cash with minimal dilution. Somebody will be left holding the bag when it crashes, but at least the company is succeeding at its important mission.
If the market is any indicator, it believes Tesla is going to be successful. I bought several thousand shares at $17/share right after the IPO. TSLA closed today at 54.55/share.
tesla's liabilities are still less then their assets, and their order book is absolutely insanely robust. Their price makes it so a car manufacturer (save maybe VW) couldn't buy them, but given that both Apple and Google are trying to get into automobiles, Either of them would jump at the chance, assuming a sane valuation stock wise.
Also, Tesla's valuation is still sky-high in comparison to comparable companies (automotive or tech), so converting some of their shares into cash now makes a lot of sense.
Tesla has gone ~15x since IPO. Unlike virtually every other tech-related IPO, it was possible for retail investors to invest in a risky, growth-oriented company. They IPO'ed at a 2.2B cap, meanwhile all major tech-related IPOs seem to be about 10B.
If you're a retail investor looking for high risk/high reward stocks, Tesla was a rare exception. In most other cases, only large funds have access to growth companies like that. I'd like to see more IPOs like Tesla's, rather than reserving wealth growth only for those with tons of money.
In short, if you're not interested in taking advantage of an option, don't assume other people think the same way.
Also, the robotaxi is not some zany idea Musk randomly came up. It's been publicly on their website for 3 years now and in their internal road maps for long before that: https://www.tesla.com/en_CA/blog/master-plan-part-deux
It's really bizarre to see the constant condemnation of Musk, because he chooses to have an ambitions long-term plan and follow through with it.
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