Dbl I’m on your side but aws will be worth more than amazon retail in a few years I’ve yet to see what is tech about Tesla other than their location. their market cap is 650,000 per car sold. Have fun with that
Maybe, still has a long way to go to do that. The growth is crazy though. AWS accounted for about 13.5% of Amazon’s total revenue for the quarter, which is on the higher end.
If they say they're a fork lift company, then sure. The market will judge their plan and price accordingly. By your logic movie theaters are popcorn companies.
but is that not what the stock market is about and what they are all arguing with you about? It’s speculation not reality.
It's comments like this that I laugh at. Tesla is basically Google. They just make cars on the side. Its really a tech company.
Not doing this again today though. If you want Tesla to be so much more than a car company today, go for it.
Tech companies do a lot of things and disrupt industries. Just b/c they make and distribute things is irrelevant The sole fact that you claim Amazon is not a tech company invalidates any opinion you have on the subject. They are literally the 3rd largest tech company in the world
I just wanna say that this thread sucks so much no one ever said that tesla is ditching the normal range model Y which was gonna be my next car so, fuck back to your stonks talk
I’d watch for it to come back depending upon whether this battery day thing actually reveals higher ranges
I never actually said that. I just said they are a retailer first. Thats their core. I just find it odd that Tesla guys are so offended when its labeled a car company when 94% of their revenue comes from cars. "Its a tech company!" "Its an energy company!" Maybe one day, but right now its a car company.
you know what they always say about equity values, they don’t take into account potential future cash flows!
I wasnt gonna get it til probably next december or so but they lowered the model 3 by $2,000 so i'll prob just go with that unless something changes in the next 15 months or so
Why are they good at retail? Because they are a tech company. They found a way to monetize their tech capabilities.
I don't think dbl understands what a tech company is. And at this point, no matter how much you explain it he's not going to back down.
foxconn is a tech company because they literally make tech. Tesla is a car company because they literally make cars. It’s not difficult guys (Lmbo)
Apple, Intel, Google, IBM, Oracle, and Adobe are tech companies. A company that derives 94% of its revenue from selling automobiles is an automobile company. Ford, GM, Toyota, Renault, VW, Hyundai, and Tesla are automobile companies. Most sell other things but all are automobile companies. HTH
Amazon is a lot of things. Retail, logistics, tech. I still contend they are a retailer above all. They use tech and logistics to be the world's largest retailer.
They are elite in logistics and retail...because of their tech. They are a tech company. This is simple.
amazon is the unholy culmination of the ecommerce dream of the 90s (and probably before) getting hired by amazon is also a money-feather in the cap of smart and ambitious software engineer bros to this day. as a tech person, it probably increases your salary by like 20% just on name alone if you've worked there and you're trying to find a different job. it's like getting hired by goldman sachs for finance people.
Right, I get that. But they aren't Shopify. Yes they have a ton of tech people to build out and maintain their platform but the end result is them being a retailer.
Amazon.com, Inc.[7] (/ˈæməzɒn/), is an American multinational technology company based in Seattle, Washington.
just to summarize things that no one cares about the largest ecommerce company in the history of mankind, which has zero point-of-sale locations, which hires software engineers by the thousands every year, which ruthlessly destroyed countless brick and mortar businesses because of their tech and shipping advantages as a direct result of the convenience of buying shit through your computer or phone... is not a tech company
Right. Dbl thinks tech companies only "make/sell" technology, which is what he's hung up on and can't comprehend.
Of course. Does that make Walmart a real estate company bc their buildings allow them to sell shit? Or is owning a lot of brick and mortars just part of being a giant retailer?
This is my thought when you try to label any company that uses tech to reach their end goal as a tech company.