Given the Quarterly losses of App based car rides, there is no cut and dry answer to this. May be this is a right time to buy a Cab company.
Because sooner or later - Uber and Lyft want to turn profitable, then there is a margin in certain markets where Taxis will not only be competitive but probably cheaper.
SV companies have made showing losses an art form.
My main point is that the market cap seems a bit excessive. I can see Tesla having a competitive advantage, and I also see the bet some investors are making on it disrupting the car industry. But after reading those numbers, it just shocked me a little.
Suppose it depends if you are pre IPO investor that is in on the scam or a sucker retail investor post IPO who will be stuck with the bag.