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Originally Posted by heltok
CEO stock award was a bit more than I expected, but numbers looked fine. The call was a bit lol, Elon being Elon not answering the questions and spooking wallstreet. With current stock price 2022Q1EPS * 4 * P/E = Stockprice should give a PE a lot lower than yearly revenue growth rate%. Have we ever seen that before in any company?
That call was a serious red flag for any investor....even the fan bois were saying that Elon should not have been on the call as the expectation was that there would be a roadmap for CyberTruck, Semi and 25k car. Not only was there no roadmap when asked how they will ramp to 10mil cars he Elon said it doesn't matter what cars we sell, when FSD rolls out every Tesla will be worth 5X it's current value due to robotaxi. Needless to say this is a joke. Also indicated that the future is really TeslaBot (aka man in pajamas). To me it seems Elon is losing interst in the car side of the business. For the bulls, I ask the following
1)On the car side, the estimates of 20 mil cars sold eventually...that would be 1/3rd of all cars sold in any given year. Do you realize Apple has 17% share of cell phones. What makes you think Tesla will sell twice as many cars as Toyota, the leader at about 10Million per year?
2)On the robot side....what market is Tesla looking to capture exactly? Factory robots? That is already a commoditized business and they are starting from scratch. What exactly will these bots do? Dave Lee says they will save us from evil AI robots and therefore save humanity. I assume his account is parody?
3)Do you really think FSD will be solved "by end of this year"....or quite frankly ever? If you have a full FSD it cannot be 99.9999% accurate. It must be 100% accurate 100% of the time otherwise you will physically need someone there for those 0.00001% incidents otherwise noone would use a robotaxi.