I too find the notional valuations confusing for Tesla, and other entities. Comparing net worth, listed worth against industrial titans like Ford or GM is very hard for me because they are involved in supply chain logistics and dynamics of goods sold and bought on a scale which justifies their apparent net worth, when Tesla is a giant speculative 'maybe' play.
But the thing is, I'm just as confused understanding how IBM is worth anything any more, now that it has no core central logic except "do stuff, for money, for big clients"
Or why any of this matters, when Chinese state enterprises are worth more than all of this put together. CNOOC, the state oil company, is 1.17 trillion in 2014 CNY terms. thats $180b US for a shipping company alone. That, I can relate to.
I can't conceive of enough uses for things in space, to justify Tesla rockets being so valuable but then I can't conceive of that many creme eggs, bought with that much money either.
good call. unsay those rocket words. on the up side his roof tile PV thing is a clean slate (hah) which has a huge market out there, irrespective of the supply chain dynamic questions behind EV. And his batteries are going gangbusters attached to solar and wind farms so there are sound, large business models behind tesla. But.. making them add up to the same net worth as GM which has factories and dealerships and side deals in ship engines, energy, military, worldwide... I am still adrift. Tesla is talking about gigafactory sites outside of the USA. GM owns factory sites worldwide.
But the thing is, I'm just as confused understanding how IBM is worth anything any more, now that it has no core central logic except "do stuff, for money, for big clients"
Or why any of this matters, when Chinese state enterprises are worth more than all of this put together. CNOOC, the state oil company, is 1.17 trillion in 2014 CNY terms. thats $180b US for a shipping company alone. That, I can relate to.
I can't conceive of enough uses for things in space, to justify Tesla rockets being so valuable but then I can't conceive of that many creme eggs, bought with that much money either.