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edhopper

(35,064 posts)
Tue Dec 17, 2024, 02:59 PM Dec 17

The wealth of Musk vs Beezos

Jeff Beezos owns a massive company, the largest retailer in the world, with revenue of half a trillion dollars and gross profits of $100 billion. It's stock PE is around 49, which is on par with Walmart the other giant retailer. (47)

Tesla's profits are around $17 billion on $90 billion in total revenue. PE is 129, 15x that of other car companies like Toyota, Honda and Ford

What I see here is a grossly over inflated stock that is priced 10 to 20 x what it is worth. His company is seeing a market that is growing very competitive, and has just brought out a failure of a new vehicle (the Cybertruck) and none of his promised innovations are going to bare fruit.

His wealth is largely based on Tesla stock. At some point Musk will see his company's stock taking a nose dive and his worth plummeting.

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The wealth of Musk vs Beezos (Original Post) edhopper Dec 17 OP
"At some point Musk will see his company's stock taking a nose dive and his worth plummeting" Polybius Dec 17 #1
In 2025... WarGamer Dec 17 #5
SpaceX is worth $350 Billion A HERETIC I AM Dec 17 #7
Musk makes all of his money..... SergeStorms Dec 17 #2
Amazon is a publicly traded stock Yo_Mama_Been_Loggin Dec 17 #3
not really... WarGamer Dec 17 #4
Tesla sales are down edhopper Dec 17 #8
Beware the latent fanbros. BannonsLiver Dec 17 #6
And the scolds... WarGamer Dec 17 #9
AKA people who are clear eyed on what an evil menace Elmo Musk is. BannonsLiver Dec 18 #11
Every freaking time. Kingofalldems Dec 18 #10
hahahaha... definitely. Every time. WarGamer Dec 18 #12
The unholy billionaire trifecta: Musk, Bezos, Zuckerberg Initech Dec 18 #13

Polybius

(18,402 posts)
1. "At some point Musk will see his company's stock taking a nose dive and his worth plummeting"
Tue Dec 17, 2024, 03:02 PM
Dec 17

Disagree. I think he becomes a trillionaire.

A HERETIC I AM

(24,635 posts)
7. SpaceX is worth $350 Billion
Tue Dec 17, 2024, 03:37 PM
Dec 17

So if it held that value if and when it goes public, and given the current share price of Tesla, he sill wouldn't get to a trillion. If it goes public he won't own the entire thing.

https://www.theguardian.com/science/2024/dec/11/spacex-valued-at-350bn-as-company-agrees-to-buy-shares-from-employees

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