FTB get him! 
Elon Musk’s California Exit Can Save Him $2 Billion in Taxes
The billionaire’s sale of multiple homes was a crucial step in fleeing the high-tax state.
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That is, he has prepared his exit from CA long long long time ago.
When you’re rich, you have to prepare. You can’t just do whatever on a whim,
as you know already.
.
Saw somewhere Bezos is now spending a lot of his time in LA with his girlfriend hobnobbing with celebrities. Maybe he is careful not to stay over 6 months to avoid wrath of the FTB tax police?
The author of the chart is ignorant of what TSLA is going to be… it will dominate not only the EV sector, it will dominate the cellphone (displacing both AAPL and GOOG), dominate the electric grids (all other electric utilities will go bankrupt), it will dominate the clean energy industry (destroy all solar and fuel cell businesses), … all will happen within 5 years. I predict TSLA would be $10,000 in 2025. This is the base case.
Above is not financial advice. Just thinking very loudly.
JPMorgan’s analysts are highly bearish on Tesla. They see the stock falling 77% over the next year.
Don’t shoot the messenger.
I am not so sanguine. Converting a dumb car into smart care was a big leap. TESLA does get credit for converting a dumb car into smart car. Not so much with phones, electric grids etc because they have already changed with time and pretty much both phones and electric grids are very smart these days. They do not need TSLAs help unless TSLA has something in mind that we cannot see. And then TSLA has to do all these things profitably.
This article is so dumb and brings up common “reason” why people think Tesla is overvalued.
Except they never have anything actually relevent to valuation. Valuation is about profits (especially the expected future ones). Does this article even mention Tesla’s profit levels? No.
Think about how absurd that is - the metrics that actually matter for valuation aren’t even mentioned.
Journalism has sh*t the bed.
Meanwhile, Tesla is currently generating (estimate of this Q4’s) around $2 per share per quarter. That number is growing quickly, up from under $1 per share less than a year ago. They could around $5 or $6 per share this year on say 850k cars.
In 2022, Tesla will quite likely generate more than $10 per share on say 1.5 million cars. If there was absolutely no more earnings growth after that, Tesla would be valued around $400. But Tesla will still be growing massively, about 50% YoY growth of revenue. So like any growth company, Tesla cannot be valued at a flat PE ratio. PE ratio will have to stay around 100 at minimum or else the valuation will look silly a year later.
So at a PE ratio of 100 and Tesla very highly likely to generate over $10 per share (could even be 50% more), Tesla “base” value in 2022 could be $1000.
Outside of some massive recession, Tesla is not going under $700.
There is also a cyber whistle. Yours for $50.
Sold out already.
Tesla needs to sell more swag. It’s high margin for them . I missed out on the Tesla Tequila.
Great gift items for the fanboys.
Yes sure I’ll send him to Elon’s Mars colonization team in the future to train him to become a space pioneer 