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The Stock Market Is Stupidly Overvalued With Mark Spiegel

Lead-Lag Live

00:00

The Tesla Short Has Been a Comeback, Right?

Jimi Hendrix: Tesla is, is thanks to some heavy discounting this quarter, you know, they'll probably sell around 400,000 cars this quarter. So that would put them on a call it a 1.6 million annual run rate BMW sells around 2 million cars a year with very good margins. If Tesla were valued the way BMW is, it would sell for around 18 or 19 dollars a share. And also Tesla has massive multi billion dollar liabilities out there that BMW doesn't in terms of this whole full self driving scam.

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