New prius announced!

[hayden55]

Originally Posted by Phase

ah yes, chrysler, such a great car company and business. totally not like that company failed and is an outdated name haha.

i remember when people told elon musk that tesla making some of the lowest drag cars in the mass market would never work out or sell... wonder how thats working out

Thats not a good analogy. If you take away Teslas stock they are also worthless. Their P/E ratio is like every other tech stock. Awful. I like Elon though he is full of great ideas and is usually a front runner that jump starts a new industry.

[freebeard]

Their P/E ratio is like every other tech stock.

The opportunity cost of growth and R&D.

[hayden55]

Originally Posted by freebeard

The opportunity cost of growth and R&D.

I just mean they are a small company. Especially if you give their stock a fair value. But even with their current value of stock they are 132x smaller than Toyota on a net income basis and 429x smaller on a revenue basis lol

[JSH]

Originally Posted by hayden55

Thats not a good analogy. If you take away Teslas stock they are also worthless. Their P/E ratio is like every other tech stock. Awful. I like Elon though he is full of great ideas and is usually a front runner that jump starts a new industry.

Tesla's P/E is 34.5 at the moment. That is overvalued even for a tech stock. Apple is 20.9, Microsoft is 24.9, Alphabet is 17.5

However, Tesla is an auto company not a tech company and auto companies trade at less than 10 P/E

[redpoint5]

Musk stated the stock was likely overvalued.

The value of Tesla is completely dependent on how successful they are with autonomous driving. Any major automotive manufacturer can make a good looking EV that goes fast. The speculative price isn't in bending metal into car-shaped objects, it's the technology aspect.

Through the history of autonomous driving, Tesla has not ranked very high as far in terms of being close to a commercially viable product. Like they didn't even make the top 5.

If someone comes out with a better solution to autonomous driving before Tesla, most of their technology value proposition vanishes. They become mostly just an automotive manufacturer at that point.

I've got 1 share of Tesla, so when I anger someone by pointing out something genius Musk does, I can satisfy that person by saying "yes, I am a shill for Tesla; I own a share".

[freebeard]

The speculative price isn't in bending metal into car-shaped objects, it's the technology aspect.

No it's casting metal into car-shaped objects. Just wait until they eliminate paint completely.

[cRiPpLe_rOoStEr]

Originally Posted by Blacktree

IMO, the Fiero was a good "starter car". It was good on gas (especially the 4-cyl). It wasn't very expensive. And it was fairly easy to maintain.

I like the Iron Duke engine, and the Brazilian non-crossflow 151 which was released as a smoothier counterpart to the 153, and has been pointed out as the inspiration for the Iron Duke.

Plus the handling made it fun to drive. So you didn't feel like you were driving an econobox.

I used to hear the same about the early Ford Ka.

The Fiero also didn't have a backseat to "get busy" in. For some parents, that was actually a consideration.

Teens would easily find another convenient place for that