LOL. That's a generic description of the energy transition.
It's not like the rest of the world is blind. Chinese companies are the champions of battery and solar panel manufacturing. Every major economy has major electric car manufacturers, China is ahead of everyone. Tesla's batteries are made in collaboration with LG Chem and someone else, I forgot who exactly.
Your point is that you're expecting Tesla to monopolize the global energy storage and usage markets? It ain't working, if that's the plan.
If reason returns, Tesla should probably be valued at less than Kia or Hyundai.
It's a description of Tesla's future business direction and a metric against which you can value the company.
That's how you make meaningful models and value a business. P/E is meaningful only in context. Buying stocks based on PE is a very good way to lose money.
It's not like the rest of the world is blind. Chinese companies are the champions of battery and solar panel manufacturing. Every major economy has major electric car manufacturers, China is ahead of everyone. Tesla's batteries are made in collaboration with LG Chem and someone else, I forgot who exactly.
Your point is that you're expecting Tesla to monopolize the global energy storage and usage markets? It ain't working, if that's the plan.
If reason returns, Tesla should probably be valued at less than Kia or Hyundai.