But I think there's often some hidden game going on with tech companies that go well beyond selling more sugar water and expanding overseas to places that haven't seen sugar water before.
Amazon is the best at this... using one business to launch a second.
So what I'd look for with TSLA is not whether cars can ever justify this price, but whether there is an adjacent business that is actually bigger than cars. Is there? I have no idea.
The result? Amazon pays zero taxes and can continually expand. The NoLs offset the profits, and every time Amazon has a division that becomes profitable they offset it by entering a promising but loss-inducing new sector. Then, when that division becomes profitable - rinse and repeat.
This is Bezos’ genius.
His genius is gaming a readily game-able tax system for personal gain and public loss?
I do agree it's what he's good at, but I disagree about it being "genius" and question whether it's worthy of praise.
https://ark-invest.com/articles/analyst-research/tesla-price...