This is absurd....to try and use/justify Tesla's valuation based on an absurd stock price is ridiculous. This means nothing in today's stock market, take this from a 10yr day trader...is utter nonsense. Market cap is complete BS and a joke...like Bitcoin.
To justify their valuation Tesla would need to delivery 1 million cars every year for the next 100yrs+.....then it would equal that stupid stock price...but hey, I made a ton of money off all the fools who think it is a $1500 stock...so thanks for that!!!
Ridiculous....your response has nothing to do with designing/building/developing and actually producing a quality car...I think Daimler and BMW have ohh.....70yrs more experience then Tesla does....that is fact. Stock price means ZERO!!!!
The concept of corporate knowledge is an interesting study. It isn't ever a corporation that has knowledge. People who work there can put their knowledge on files and paper. Some other person they hire can then read that. It's always persons who have knowledge and experience to pass on.
In this, what can still be called, information age, knowledge is much more fluid than it was in the past. It passes through corporations as well as to the entire industry much, much more easily. Additionally, with so much dependent on computer programs for design and development, and those programs usually available to everyone, innovation breakthroughs are much less long-lived.
I happen to be a big Mercedes fan, have owned a number of their vehicles, and expect them to remain an excellent niche market player. But that is what they have always been, and what they are probably still aiming for. Tesla on the other hand hopes to be a mass market company. And as to the ability to put out factories, well the German and Texas factories are evidence that they can do it pretty well. If China didn't already convince you.
As too money, well I am not an expert in that. Still, available cash is available cash! Not quite sure how it matters whether or not it is derived from a stock that is overpriced, or not. Perhaps you can enlighten me. Seriously, I would be interested to know.
I forgot to say, corporate culture has a much greater effect than corporate knowledge. I think it is the corporate culture of some of the old corporations that may, indeed, give them an advantage. That is something that is passed directly from employee to employee over the life of the company. If Tesla has indeed achieved a good culture, and in many ways you could argue they have, then they are already ahead in that sense as well.
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