Tesla overtake Amazon?

[romero121]

His attitude was like this is already known. We aren't able to achieve it, and we're not to comment on his achievement. He has done it, and he have made a statement on the Twitter. The rise of Tesla market is the real success for his present position of being the richest person on the world. The first position is highly under big competence.

[HeRetiK]

   
     WHAT HAS HAPPENED?

r/wallstreetbets happened. TSLA has become pretty much a meme at this point.

And also, I don't think Elon Musk has all of his wealth because of Tesla (someone correct me if I'm wrong).  He's had his hand in a number of different pies throughout the years and had loads of money before the inception of Tesla.  I also don't think Tesla should be worth nearly as much as Amazon or Apple for that matter.  It isn't as though everyone you and I know is driving a Tesla--but the stock market can do weird things to company valuations (especially bull markets like this one we're in).  

Elon Musk started 2020 with USD 29 Billion and ended it with USD 188 Billion:
https://www.visualcapitalist.com/elon-musk-is-the-worlds-richest-person-in-2021/

So while he has a lot of interesting ventures going on, and was already wealthy before, most of his recently gained wealth is caused by an immense TSLA rally.

I absolutely agree that Tesla appears to be highly overvalued though. Sure, markets are forward-looking, but if forward-looking means a couple of decades from now it may not be that great a deal.

[jaysabi]

Your title is misleading, OP. Tesla hasn't overtaken Amazon and it's far from it.

https://companiesmarketcap.com/assets-by-market-cap/

Tesla market cap has to double to pass Amazon.

Does anyone know why Musk is richer than Bezos? Maybe it's because he owns a higher percentage of shares and maybe because he also owns SpaceX.

I think if the point is Musk is now richer than Bezos, why doesn’t really matter. Since Tesla is a bubble in my opinion, I don’t see it holding permanently anyway. Amazon has far more staying power than Tesla does. Also, agree on the misleading implication in the OP. Tesla is no where near as big as Amazon.

[jrrsparkles]

I still don't understand what is the deal with TSLA. They make electric cars I get it but so do Porsche.

VW group is (or should) far bigger than TSLA and sell a lot more cars than TSLA but TSLA is nearly 10 times bigger on paper.

That doesn't make any sense.

The only explanation I came up with that makes sense is that the TSLA buyers are not people. There is only one buyer and it is the FED.

Marketing strategy is the key reason for the Tesla company to be more successful than any other car companies. Look at what happened to cyber truck which isn't even launched but lot of people booked it, even though they paid very little money for pre booking it increases the value of a company and its stocks.

[Sithara007]

I don't have anything against Tesla (TSLA), but it is the most overpriced stock I could find in the market. The P/E ratio is more than 1,700, which is almost a hundred times the average level. AMZN also looks overpriced, with a P/E of more than 90, but not anyway near those levels for Tesla. The next time when a major market crash occurs, these stocks are going to drop like crazy.

[so98nn]

Your title is misleading, OP. Tesla hasn't overtaken Amazon and it's far from it.

https://companiesmarketcap.com/assets-by-market-cap/

Tesla market cap has to double to pass Amazon.

Does anyone know why Musk is richer than Bezos? Maybe it's because he owns a higher percentage of shares and maybe because he also owns SpaceX.

He owns multiple business chains and not just spacex or PayPal. The main reason is his new lunches of cars and it’s popularity amongst the global enthusiasts. Elon is always making innovating stuff and that’s the reason why he is gaining more popularity. Investors on the other hand keep this thing as upper stake for them and invest a lot on his companies. He is all about futuristic guy and that’s what people love these days. Let us not forget he also owns big amount of bitcoin in his pocket and could be driving anonymous crypto institutional investment as well. We never know how these people gain so much money in short period of time. 

[slapper]

Tesla's not yet overtaken Amazon. Only their founder, Mr.Elon Musk surpasses Mr.Jeff Bezos to become the richest man on this planet. It is no doubt that sooner or later, tesla will become more and more valuable and someday in the near future, Tesla will be able to pass Amazon.

That is why disruptive technologies always create new billionaires. Remember the era of 2.0 and 3.0 technology? Hundred of new companies and billionaires replaced old and obsolete businesses. We have Microsoft, Apple, and even Google. In the next few more years, Tesla perhaps becomes one of the strongest companies leading the whole world to the new revolution of humanity. And dont be so surprised if cryptocurrencies play an important role in this amelioration

[bits4books]

In principle, the overall growth (over a long distance) for both Tesla and SpaceX, this is an obvious thing. Both electric cars and private space launches are an inevitable future that is approaching with relentless speed. While Amazon forcibly attracts new small and medium-sized businesses to its sites and suffers from reputational risks as an ancient and huge corporation, Musk launches machines into space and tweets about Doge. It already means a lot.

[mindrust]

Marketing strategy is the key reason for the Tesla company to be more successful than any other car companies. Look at what happened to cyber truck which isn't even launched but lot of people booked it, even though they paid very little money for pre booking it increases the value of a company and its stocks.

That is pretty much the definition of a bubble. Pure marketing without a good product won't keep the stocks up forever. I bet Elon himself is looking at his stocks' prices and laughing his ass off at this shit show.

Tesla cars are not even that great.

[jasonjm]

Elon Musk becomes world's richest person, Tesla becomes world's most valuable.

Tesla: https://twitter.com/teslaownersSV/status/1347201514930991105?s=19

Elon Musk: https://twitter.com/elonmusk/status/1347204459147902978?s=19

For more information: https://www.google.com/amp/s/m.hindustantimes.com/business-news/elon-musk-crowned-world-s-wealthiest-here-are-9-other-richest-persons-on-the-planet/story-F5f02hIZ4B08hdyPvD0iHM_amp.html

     
     WHAT HAS HAPPENED?
Elon Musk edge past Amazon founder Jeff Bezos to grab the title of world's richest person, according to Bloomberg.

Well, actually Elon Musk overtook Jeff Bezos and claimed the title of the world's richest person. The reason is, Tesla's share price surged over 7% that helped Musk claim the title. His net worth skyrocketed since last year and achieved new heights.

[AjithBtc]

Tesla has reached the top, and now the competence have increased high. One of the person Ambani was at the fourth position during the month of August according to Bloomberg. During that period the Reliance market shares peaked as people started to use communication system in large due to the covid-19 lockdown. Now he has come down to 13th position as the market shares have started to fall due to the ongoing farmers protest.

[Mauser]

Tesla has reached the top, and now the competence have increased high. One of the person Ambani was at the fourth position during the month of August according to Bloomberg. During that period the Reliance market shares peaked as people started to use communication system in large due to the covid-19 lockdown. Now he has come down to 13th position as the market shares have started to fall due to the ongoing farmers protest.

This could definitely be the case that tesla reached the top. Honestly it sounds a bit wierd that a company which only focuses on electric cars and not really turning a profit at the moment has a higher worth that amazon. An online retailer which basically offers everything and is profiting a lot from the corona pandemic.

[Sterbens]

In essence, Elon has recently been in the public spotlight, even in my country since his tweet related to "Doge" until now the news is still broadcasting Elon's achievements on the world stage, plus SpaceX, as if the world is in Elon's grasp. but no wonder this is where we have to be him as a motivator who inspires us all to continue working. Isn't that great? besides that Elon is a friendly person, adding to his charisma as a person who deserves to occupy the richest position in the world.

[jaysabi]

I don't have anything against Tesla (TSLA), but it is the most overpriced stock I could find in the market. The P/E ratio is more than 1,700, which is almost a hundred times the average level. AMZN also looks overpriced, with a P/E of more than 90, but not anyway near those levels for Tesla. The next time when a major market crash occurs, these stocks are going to drop like crazy.

While I agree with your conclusion that Tesla is grossly overvalued, you will often see absolutely insane PE ratios for high growth tech stocks, which is how Tesla is valued vs. being valued as a car company. Whether or not you agree that's appropriate, that's what it is.

[mindrust]

I don't have anything against Tesla (TSLA), but it is the most overpriced stock I could find in the market. The P/E ratio is more than 1,700, which is almost a hundred times the average level. AMZN also looks overpriced, with a P/E of more than 90, but not anyway near those levels for Tesla. The next time when a major market crash occurs, these stocks are going to drop like crazy.

While I agree with your conclusion that Tesla is grossly overvalued, you will often see absolutely insane PE ratios for high growth tech stocks, which is how Tesla is valued vs. being valued as a car company. Whether or not you agree that's appropriate, that's what it is.

Do you have an example?

Whatever tech stock I checked has around 30-50 PE ratio.

1700 is just batshit insane.

[Rengga Jati]

OP, it is better for you to change your funny litle because some members also already notice this:

According to the Bloomberg Billionaires Index, Elon Musk’s net worth late Thursday stood at $195 billion, as the Tesla CEO gained $13 billion in a day to overtake Amazon CEO Jeff Bezos atop the list of the world’s richest people. Bezos was $10 billion behind at $185 billion.

We can see this kind of news likely one of the news here

Musk overtakes Bezos's position as the top world rich man, but it doesn't mean that Tesla overtakes Amazon, and doesn't mean that Tesla is the most valuable (more valuable than Amazon). And Elon Musk is one of the richest people, not the richest one.

[iamsheikhadil]

Tesla didn't overtake Amazon, rather Elon Musk became richest planet of the world overtaking Jeff Bezos!

To be honest, in my personal perspective, having a chill and inspiring guy like Elon as richest planet of the world is so inspiring! His views, ideas are really revolutionary. While Amazon is just a company catering to the needs of common people, Elon Musk is a visionary who thinks for whole of humanity. And I'm loving it! But if Elon Musk leaves Earth and goes to Mars, then Jeff Bezos will again be the richest person of the planet

[zanezane]

Tesla will not overtake Amazon for a long time, it will happen but time will tell. Amazon is an e-commerce giant compare to Tesla that only sells electric cars, you will know then and there that variety will be factor. Tesla did not get past Amazon it was only Elon Musk surpassing Jeff Bezos as @iamsheikhadil mentioned. Maybe the time will come when Tesla the company will surpass Amazon, I am sure it will because I believed this company is the Model-T of our generation.

[Twinkledoe]

Tesla will not overtake Amazon for a long time, it will happen but time will tell. Amazon is an e-commerce giant compare to Tesla that only sells electric cars, you will know then and there that variety will be factor. Tesla did not get past Amazon it was only Elon Musk surpassing Jeff Bezos as @iamsheikhadil mentioned. Maybe the time will come when Tesla the company will surpass Amazon, I am sure it will because I believed this company is the Model-T of our generation.

That's right. Personal net worth of Elon vs Jeff Bezos here not the revenue of Tesla vs Amazon. Tesla has specific customers and not everyone can afford it. Whereas, Amazon basically serves all status levels of individuals. This is why e-commerce is getting more revenue here. I don't know if Tesla will ever overtake Amazon in terms of net worth in the market. The market of Amazon is huge as compared to Tesla.

[marlo1001]

The magic of markets. everything can be changed really fast. However, i think in the mid term amazon will be back to first place again