CNBS just had the NYU professor Aswath Damodaran bashing the value of Tesla. Does anybody know why he if considered the "dean of valuation"? Has anybody made money from his predictions? Does anybody have any source showing his track record? My limited skill of Google has found nothing that show his value except that he is highly respected and talks a good game. Why this respect? From writing a few finance books?
All these talking heads and analysts who consider only current status and numbers to 'determine' valuation are completely missing the point of companies like Tesla. They can't get their heads around how truly disruptive some companies are and how quickly they are going to dominate huge opportunities. It's not unlike all the know-it-alls who slammed Amazon's valuation as just an online bookseller, or Apple as just a hardware seller. Too short sighted to see what the world is going to look like in 5-10 years time, when Tesla is dominating the auto industry, is the leader in batteries and sustainable energy, beating the insurance industry to a pulp, is printing money with robotaxi service.
Fine with me. It's only a matter of time before the general public understands. And that is more time for us to continue to add to our holdings.