The bill comes due for Elon Musk

(theverge.com)

9 points | by iancmceachern 7 hours ago ago

4 comments

  • consultutah 7 hours ago ago

    What a ridiculus click-bait headline... Let's just imagine for a second that at the event tomorrow, Elon demos a toaster instead of anything FSD related. The stock would drop for a bit, but nothing else fundamental about the business would change and the business is still a cash generating juggernaught.

    I can't wait until we have personal AIs to read and filter this drivel for us to the point that it becomes useless to post it!

    • rsynnott 4 hours ago ago

      > and the business is still a cash generating juggernaught.

      Current Tesla P/E: 67.78 (even for a large SaaS company, this would be very high; for a consumer goods manufacturer it’s virtually unheard of).

      Current VW AG P/E: 3.14.

      Like, people buying Tesla presumably aren’t buying primarily based on its earnings. There is an expectation of something more.

      • Zigurd 3 hours ago ago

        Tesla has transcended future expectations. Everybody knows FSD will be ready by the end of the year. I mean next year. It's the world's biggest meme stock.

    • pestatije 6 hours ago ago

      FSD - Full Self Driving