There Is One ProblemI usually invest based on fundamentals. Here are some of Tesla’s numbers:
Market Cap: $11.5B
P/E: N/A (company has been losing money every quarter)
But..revenues are increasing rapidly:
I find it hard to invest based on those numbers because what i’d be buying is this guy’s vision, the idea that he will end up building something beyond what we’d expect. In a way, this as speculative as it gets. I always look at the upside which is incredible here. The problem of course is that projects like the ones he is taking on usually fail so it’s fair to think that Tesla could simply be the next company that fails to transform the automobile market.