When will Tesla be not considered “just a car company?
I’m fairly uneducated in the stock world, and I’m hoping someone can shed some light on this. I’m really hoping for genuine discussion. I’m not trying to start anything toxic.
I commonly see online that people say Tesla is just a car company, despite their energy division and in the future potential AI income.
My question is at what point is Tesla actually not just a car company anymore? I have a few ideas:
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When they sell more of X product compared to cars.
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When their revenue with X product is higher than car revenue
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Will they always just be known as a car company because that’s how they started out?
Is there any substance to Tesla even being considered not just a car company anymore? Am I totally off base here?
I’m asking this today because their Q2 2024 deliveries came out at 444k cars delivered AND 9.4Gwh of energy deployed. If you converted the energy storage deployment to “cars” it ends up comparable to 56k additional cars. Math is below
$300/kWh, 9.4 GWh = $2.82 Billion.
At an ASP of $50k, $2.82B/$50K = 56,400 “Cars”
This seems relatively substantial.
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