When your OUTFLOW exceeds your INCOME, your UPKEEP will be your DOWNFALL!!! – Michael Van Amburgh
Tesla in 2023: A Return to Reality, The Start of the End or Time to Buy?
I am not much of a car person and view cars primarily as a mode of transportation. I drive a 2010 Honda Civic, a perfectly serviceable vehicle that is never going to get oohs and ahas from onlookers, but I feel no urge to value Honda. I don’t own a Tesla, and have only driven someone else’s Tesla, but as readers of this blog know, I valued Tesla for the first time in 2014, and I keep returning to the scene of the crime. One reason is that no matter what you think of Elon Musk and Tesla, they are never boring, and interesting companies are much more fun to value than boring ones. Another is that when valuing companies, I am, in addition to valuing a company to see if it is fairly priced, interested into the broader insights about business and valuation that emerge from the company.
Ashwath Damodaran is the greatest financial and valuation mind of the 21st Century! He has a clarity and attention to key issues and economic drivers (no pun intended for Tesla)!