Bears always pretend they know something but a vague [gestures at everything] pronouncement isn't a discussion and using the term "bubble" doesn't mean anything here. There will be dips but no one has made money betting against this company for long. I was there for the 7-to-1 split and now here for the 4-to-1. I'm baffled at the meteoric rise but staying long on AAPL. The only regret AAPL owners have is not buying more.
Yeah, I don't get that either.
Tesla is a better example of a potential bubble. Their price seems to be based on where people think the company will be in 10 years, rather than the production level it is at now (selling 1/10 as many cars as Chevrolet last year and how much lower is GM's market cap? Toyota's? etc?)
The value of a company is twofold. One is present sales and profits. The second is estimates on where that company will be in the future. A year from now, five or. Even ten. A company’s trajectory is certainly part of the computation.
thevproblem with Tesla, whose P/E is now well over 1,000, is a matter of over exuberance. The fans of Tesla are really more fans of Musk than the company itself.
when Steve Jobs died, the company, and the stock price wasn’t particularly affected. People saw Cook as a good successor. But if Musk dies tomorrow, the stock would plunge to $100. Because without him, no matter who takes his place from the company, the Magic would have also died. People saw Apple as a company with plenty of excellent managers who could continue the company successfully. Not so with Tesla.
Bears always pretend they know something but a vague [gestures at everything] pronouncement isn't a discussion and using the term "bubble" doesn't mean anything here. There will be dips but no one has made money betting against this company for long. I was there for the 7-to-1 split and now here for the 4-to-1. I'm baffled at the meteoric rise but staying long on AAPL. The only regret AAPL owners have is not buying more.
Yeah, I don't get that either.
Tesla is a better example of a potential bubble. Their price seems to be based on where people think the company will be in 10 years, rather than the production level it is at now (selling 1/10 as many cars as Chevrolet last year and how much lower is GM's market cap? Toyota's? etc?)
Tesla operates under a theory similar to Apple. They sell a luxury product to a well-heeled clientele which supports the company based on principle, more than product performance. Thankfully, Apple tends to have more winners than losers, but Tesla continues to sell cars even though quality has suffered of late.
See my post above. I see the companies as very different. The only person at Tesla the general public has heard about is Musk. Can anyone here name another major executive there? Not really. But if you ask many people off the street, they would have heard of at least three, or possible four of Apple’s top people. Apple’s management is deep. It’s been called the best management team of any company, and has been for a long time. Tesla? Not so much.
Bears always pretend they know something but a vague [gestures at everything] pronouncement isn't a discussion and using the term "bubble" doesn't mean anything here. There will be dips but no one has made money betting against this company for long. I was there for the 7-to-1 split and now here for the 4-to-1. I'm baffled at the meteoric rise but staying long on AAPL. The only regret AAPL owners have is not buying more.
Yeah, I don't get that either.
Tesla is a better example of a potential bubble. Their price seems to be based on where people think the company will be in 10 years, rather than the production level it is at now (selling 1/10 as many cars as Chevrolet last year and how much lower is GM's market cap? Toyota's? etc?)
Tesla operates under a theory similar to Apple. They sell a luxury product to a well-heeled clientele which supports the company based on principle, more than product performance. Thankfully, Apple tends to have more winners than losers, but Tesla continues to sell cars even though quality has suffered of late.
See my post above. I see the companies as very different. The only person at Tesla the general public has heard about is Musk. Can anyone here name another major executive there? Not really. But if you ask many people off the street, they would have heard of at least three, or possible four of Apple’s top people. Apple’s management is deep. It’s been called the best management team of any company, and has been for a long time. Tesla? Not so much.
Taken too far, any comparison will fall apart. I’m mainly comparing the theory that “affordable” luxury products drive both companies because they have devoted customers who can afford products which seem designed with them in mind.
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thevproblem with Tesla, whose P/E is now well over 1,000, is a matter of over exuberance. The fans of Tesla are really more fans of Musk than the company itself.
when Steve Jobs died, the company, and the stock price wasn’t particularly affected. People saw Cook as a good successor. But if Musk dies tomorrow, the stock would plunge to $100. Because without him, no matter who takes his place from the company, the Magic would have also died. People saw Apple as a company with plenty of excellent managers who could continue the company successfully. Not so with Tesla.
See my post above. I see the companies as very different. The only person at Tesla the general public has heard about is Musk. Can anyone here name another major executive there? Not really. But if you ask many people off the street, they would have heard of at least three, or possible four of Apple’s top people. Apple’s management is deep. It’s been called the best management team of any company, and has been for a long time. Tesla? Not so much.