In the 10 days ending February 5, Tesla's stock price rose along the way, increasing more than 60%. If it is a small-cap stock, such a rise is not alarming, but Tesla is a large-cap stock with a market value of more than 100 billion U.S. dollars. At the time of the fiercest trading on February 5, Tesla's day-to-day increase or decline was as high as more than 20 billion U.S. dollars, which is equivalent to the entire market value of Hyundai Motor. The total amount of all transactions on a normal day.
The bulls shouted: "Tesla is the next apple!" The bears think: "Tesla will continue to rise, it is the next bitcoin!"
Tesla and Bitcoin, two new and old stars in the global investment community, are linked in this unique way. Two years ago, Bitcoin broke the all-time high of nearly $ 20,000 and became the hottest topic in the investment world. Today, two years later, Tesla has unlimited scenery, and its market value once surpassed Bitcoin, becoming the most dazzling star in the investment world. Many analysts, including Wall Street, are beginning to understand Tesla just as they did not understand Bitcoin two years ago. They believe that Tesla's stock price has the same huge bubble as Bitcoin's price.
Will Tesla be the next Bitcoin? Like Tesla, after attracting everyone's attention, will the bubble burst and plunge to the bottom?
Tesla and Bitcoin have something in common
The most direct common point: The rising trend of the two stocks is surprisingly similar. Tesla stock has experienced the following rocket-like rise:
$ 300 to $ 400: 976 heaven
$ 400 to $ 500: 25 heavens
$ 500 to $ 600: 18 heavens
$ 600 to $ 700: 4 heavens
$ 700 to $ 800: 1 heaven
$ 800 to $ 900: 4 hours
In just 11 years, Bitcoin has driven its own industry with its own power, becoming a weather vane for the digital currency and a barometer for the blockchain industry. In 10 years, Tesla has become a recognized leader in the industry by forging ahead in new energy vehicles and intelligent driving, leading the revolution in the automotive industry. If Bitcoin is the evangelist of digital currency and blockchain technology, then Tesla is a leader in new energy vehicles and smart driving technologies.
Both Tesla and Bitcoin have bubbles, but this is not a bad thing. Because investing is investing in the future. Since digital currency and blockchain, new energy vehicles and smart driving are historical development trends, then industry leaders representing the trend must be sought after by capital. The price will definitely exceed the value, in order to attract creative high-end talents and cutting-edge technology for the development of emerging industries, and to drive the development of the industry's upstream and downstream and the entire industry chain.
After Bitcoin soared to a high point at the end of 2017, it led to the development of digital currency mining machines, digital currency exchanges, wallets and blockchain public chain technology, which indirectly promoted the rise of stablecoin and Facebook's multinational alliance Libra It also allows traditional finance to begin to value digital currencies and begin to use blockchain technology to reduce costs. The Bitcoin bubble contributed to the development of the industry. Similarly, Tesla's soaring process has also driven the development of upstream batteries, auto parts, and artificial intelligence. At the same time, traditional auto manufacturers have begun to attach importance to new energy vehicles and vigorously develop intelligent driving technologies. It can be said that the leading price bubble is the only way for emerging industries to rise.
Another thing Tesla and Bitcoin have in common is that they have a huge and committed fanbase . Tesla has produced about 1 million cars so far, and has about 2 million Tesla users. Adding stock holders and fans of CEO Musk, Tesla's proponents can reach 10 million. Bitcoin's real users are about 2 million, and the total digital currency related personnel is about 20 million. Although Tesla and Bitcoin fans only have tens of millions, it may not seem like many fans, but the user loyalty is very high. JDpower had an article surveying Tesla owners. Quite a few owners said they would buy Tesla again, and the owner ’s return purchase rate was amazing. Tesla and Bitcoin have never played any promotional ads, relying on word of mouth from their supporters, showing the strong fan traffic .
Tesla is not the next Bitcoin.
Tesla and Bitcoin have too many differences, which may determine their different destinies in the future.
Judging from the attributes of the industries in which they are located, the two are completely different, and their communication influences are also very different . Tesla is in the transportation industry, bitcoin belongs to the financial industry, one is a real company, employees, and a product that can be seen and used-a car, which is relatively straightforward and simple for users to accept; another One exists in the virtual world of the network and adopts a decentralized structure. There is no company and no employees. It is difficult for users to understand and use the product. It requires some education and popularization. The essential difference between the two determines the efficiency of Tesla's influence transmission, which is much higher than Bitcoin. With the gradual increase of Tesla's output, Tesla's remarkable figure can be seen from time to time on the street. Volkswagen can reach Tesla in life, and each Tesla is an active advertisement. In contrast, Bitcoin is very far away from public life.
From the perspective of development history, Tesla stands on the moral high ground and goes smoothly, while Bitcoin has a heavy burden of life experience and is struggling . Tesla produces new energy smart cars to improve the environment and benefit humanity, and is easily accepted and supported by the public. However, Bitcoin is decentralized, and it claims to transform traditional finance, and it is often used by criminals for gray or even black illegal transactions. Therefore, Bitcoin supports many people, but more people hate it. It is not easy for people to accept this controversial new thing.
Will Tesla be the next Apple?
Despite the large market space and future potential, Tesla's stock price now undoubtedly looks very high, especially for a company that has not been fully profitable for a full year. Although a stock price bubble is the only way for emerging industry leaders, how big is a reasonable bubble for Tesla? In other words, is there any special reason to support Tesla's so high stock price and market value? Will it be the next apple?
First, Tesla does not belong to the valuation system of the automotive industry, but belongs to the high-tech company industry.
Tesla's output is less than that of Volkswagen, but its market value has already surpassed that of Volkswagen. Wall Street analysts are worried about this and conclude that Tesla's stock price is too high. The root of their misjudgment is that it is unreasonable to measure Tesla with the traditional automotive industry valuation system.
From the beginning, Tesla has taken a completely different product route and design concept from traditional car manufacturers, and has invested heavily in and applied the most advanced technology. In the manufacturing process, the optimized process and the most advanced automation system are used to highlight the advantages of its battery, chip and software system on the product. In particular, Tesla's software technology excels in the three electric systems, vehicle-machine systems, and autonomous driving systems. It despise any traditional automobile company and dwarfs Google and other high-tech companies that cross the border into the smart car industry. . Although Tesla's revenue is ranked at the bottom of the top ten auto companies, R & D investment is among the top. Software and hardware go hand in hand strategy is Tesla's ace weapon. ''
Tesla is an overcomplicated and overpriced car that costs twenty times more than what an electro car should cost - only the hype is keeping it alive, so your comparison is correct, its very similar to the apple which is selling 15 year old chinese technology and $10 hardware for $1000.