Aug. 24 at 8:06 PM
$TSLA
Elon only owns 13% of this failing car company. I don't see why he would try to buy out the other 87%. You could basically re-create another low-margin, no-profit EV company for about
$20 billion, which is four times what BYD spent on their factory in Europe. XPeng's robot division was just valued at
$6.5 billion. Everyone is building a robot taxi which means no one will ever earn any real money on making or operating taxis outside of China.
Tesler is a
$40 stock at best, and Elon knows it.