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.
ben_w|9 days ago
Price != value.
https://en.wikipedia.org/wiki/Tulip_mania
> Tesla is far more than a car company.
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.