Ah, but it has/had a tech company valuation.
Why do you think valuations varied so wildly? You get the same thing with Tesla, it's valued more as a tech company than as car company.
Why do you think valuations varied so wildly? You get the same thing with Tesla, it's valued more as a tech company than as car company.
According to that Tesla is somewhere inbetween a tech company and car company. Also it's the only car company that used software to substantially improve the performance of the car using software after selling it.
Have you got figures because I just googled for Telsa, Ford and Facebook at that doesn't seem to be the case, albeit with older figures.
Anyway at this stage Tesla are selling luxury cars to the converted, its unclear to me that they can keep doing that. Eventually they'll have to start selling to Joe Bloggs.
https://www.gurufocus.com/term/ROC/NAS:FB/ROC-/Facebook
https://www.gurufocus.com/term/ROC/F/ROC-/Ford-Motor-Co
https://www.gurufocus.com/term/ROC/TSLA/ROC-Percentage/Tesla...
There Is of course the fabled Ford FBI chip that was used on FBI pursuit vehicles, knackered the engine life of course. I was told this buy a guy who worked at a Ford dealership.
You can't put a horn on a dog and call it a unicorn.