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MDFer123 t1_j2ar97h wrote

Reply to comment by That-Whereas3367 in TSLA decline is over, opening a violent rally! Those who are bold make money, those who are timid watch! by OwenLiu0810

Yes and theyre all chinese trash. Tesla is more than a car company. Insurance business alone is worth 100b in the near future.

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That-Whereas3367 t1_j2fb2r2 wrote

Nearly every large car maker has an insurance and finance division. None of them are worth a tiny fraction of $100B.

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MDFer123 t1_j2fdek8 wrote

None of them has the info on their customers like tesla does.. you wont get it.

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That-Whereas3367 t1_j2fmaez wrote

LOL. Mathematics isn't your strong point. Even if TSLA insured every car they sold in the US (literally impossible} they would generate less than $2B a year in insurance premiums and make about $80M gross profit. That would value the insurance buiness at only $1.5B.

TSLA fanbois live in a total fantasy world.

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MDFer123 t1_j2fpyei wrote

First off, lets get the math right since your as dense as your ego is high. Tesla sold more than 3m vehicles so far. Teslas insurance is about 1500$. So that gives 4.5b, not less than 1.5b total revenue if all cars were to be insured in tesla ins. Im not sure where you got the 80m gross profit, since tesla doesnt do marketing and basically has inhouse eveything, has the best and safest ( in terms of profitability because they know their customers, thus have the best info on whether someone will crash or not ) insurance policy offered for their cars, profit will likely be north of 700m. Even with your shitty eval, a business doing 80m gross profit is worth 1.5b (LOL), this puts tesla insurance in 15b accounting value. If you include all other value boosts like future proofness, growth factor, home insurance, basically no competition and a whole package to be offered to investors, tesla insurance can and certainly will be valued at north of 100b ONE DAY. Not tomorrow, one day.

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