TOP THREE AUTOMAKERS
This could be interpreted to mean that all three of these companies currently have similar prospects for the future . . .
. . . but that the majority of the value will flow to the Debtholders in VW’s case
- which seems reasonable under the circumstances
This could be interpreted to mean that all three of these companies currently have similar prospects for the future . . .
. . . but that the majority of the value will flow to the Debtholders in VW’s case
- which seems reasonable under the circumstances
But it can also be taken to mean that the market is only valuing TSLA for its Automobile Business . . .
. . . and has not yet been able to get its mind around the value of all of the other business opportunities embedded in the same entity
- which I am also sympathetic with
. . . and has not yet been able to get its mind around the value of all of the other business opportunities embedded in the same entity
- which I am also sympathetic with
Which creates an interesting buying opportunity for those who feel greater valuation confidence in those “emerging businesses”
THOUGHT FOR THE DAY 20200907
Toyota Enterprise Value is ~$450 billion
Tesla Enterprise Value is ~$400 billion
VW Enterprise Value is ~$350 billion
This suggests the market accepts the proposition that Tesla will become an automaker of the scale of Toyota and VW in the future
Toyota Enterprise Value is ~$450 billion
Tesla Enterprise Value is ~$400 billion
VW Enterprise Value is ~$350 billion
This suggests the market accepts the proposition that Tesla will become an automaker of the scale of Toyota and VW in the future
But if that is true . . . then the current pricing of TSLA is giving you the value of all the other embedded businesses FOR FREE
@threadreaderapp unroll
