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this post was submitted on 04 Apr 2025
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I think you kinda missed the point. To fire him would be admitting he isn't anything special which also means neither is Tesla. Ford had $48BB in Q4 revenue and trades for around $10/share. Tesla had $25BB in Q4 revenue, yet trades for $240/share. Without Elon, Tesla is just another car company and would likely lose over $230/share. They can never fire Elon. They are paid in shares. The only thing they care about is that number and absolutely nothing else.
Share price isn't a useful number since the quantity of shares is not equal between the two.
Ford's cumulative stock value (market cap) is about $38 on $185 in revenue (in billions)
Tesla's cumulative stock value is $860 on $97 in revenue (in billions)
So Tesla is trading on a value that is 2200% that of Ford on 50% of the revenue.
That only occurs because Musk is a running the largest confidence scheme in history.