Quote:
Originally Posted by mrbiggz
Tough sell? I am not debating you but just the facts.
1. YoY sales increase of 50% 367k from 245k. 103k delivered in 2017
2. Production rate of GF3 in China at 1k per week already with phase one capacity of 3k. Keep in mind the place was a mud field in December 2018 and started production in October 2019. GF4 in Berlin will be coming sometime next year
3. Negotiations with Fiat\Chrysler to license their skateboard platform and battery tech.
It's also rumored that a million mile battery will be announced on Tesla Investor day in February. I could mention more things but I look at Tesla as the Apple of cars. My price target is 620 by the end of the year.
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I get all that. It's still hard to reconcile their $87B market cap being higher than revenues for their entire history (let alone profit, which is essentially zero). It's all a future bet and, while I agree that they seem to be moving in a very positive direction, it won't take much for it all to fall apart.
Again, it's just a matter of whether you think they can keep it up and weather the incoming storm of competitors.
But I'm not a financial analyst, which is why I stick to mutual funds.
