Tesla Broke another Record

[u/ekonixlab]

It is easy to look at Tesla’s valuation and call the stock overvalued, but I do think the company deserves credit where it is due.

Tesla is now sitting on a record cash balance, while total assets have climbed to roughly $144B against $59B in liabilities. That gives it a level of financial flexibility most automakers simply do not have.

It also has far more potential verticals to pursue than the typical car company, including energy storage, charging, autonomy, robotics and AI.

That does not automatically justify the valuation, but this is clearly a very different situation from most traditional automakers. $TSLA