Motley Fool Money Tesla's Optimism Springs Eternal
Oct 20, 2022
Bill Mann, a senior analyst at Motley Fool, shares valuable insights on Tesla’s recent financial performance amid Elon Musk's unwavering optimism. He discusses the implications of the UK's political upheaval and economic turmoil following the brief tenure of Prime Minister Liz Truss. Mann also raises questions about Tesla's accounting practices and reflects on the stock's value despite a decline in 2022. Additionally, there's a deep dive into Boston Omaha's unique business strategies, highlighting their focus on long-term value creation.
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Tesla's Valuation
- Tesla's stock, despite a drop, remains expensive with a high price-to-sales ratio.
- Bill Mann questions Tesla's accounting practices given increased production with minimal operating expense increase.
Tesla's Potential vs. Twitter
- Elon Musk believes Tesla could surpass Apple and Saudi Aramco's combined value.
- This raises questions about his Twitter purchase, seemingly contradicting his optimism about Tesla's potential.
Musk and Twitter
- Bill Mann suggests Musk's Twitter offer might have been impulsive rather than logical.
- Musk's Tesla stock sales are driven by the Twitter deal obligation, not necessarily a choice.