flabyboy
Well-Known Member
opening up their charging network will also bring in more money.My conservative side tends to agree with you about Tesla's valuation, but then I look at say Ford who is almost $150 Billion in debt. GM filed bankruptcy just a few years ago and is now some $115 B in debt. These 2 companies have a fragile path forward IMHO. Tesla has strong vertical integration, low debt, nice cash on hand, 2 New factories getting close to coming online. When we now see how fast Rivian is starting to move, I think they see the writing on the wall. Competition is coming fast from China and if our American companies don't find some urgency very soon, they may not exist in 10 years. Given all that, I think Tesla is still a buy even at today's price.
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