comment: >
  
  Aren't they still primarily a carbon credits trading firm, or am I using old info?
context: Whatever happened to their home battery system?  I was sort of looking forward to that.
  ETA: Oh I see they still exist (Powerwall) but not sold through Tesla and cost a mere fortune here in Canada. >
  
  They are only selling Powerwalls with solar installations in the US. >
  
  yeah those battery cells run \~$10k when I was looking into solar, and I don't think they have a long lifespan for the cost. >
  
  Really? Well color me shocked! I haven't been this surprised about the news since hearing the weather forecast. /s >
  
  Still has 90% to go down until it might be at a fair valuation. >
  
  I have a couple of serious questions:
  
  
  Why was Tesla classified as a tech company in the first place?
  
  
  What are the potential ramifications of this reclassification? >
  
  
  
  Lots of hype about future product. Particularly Full Self Driving. FSD would usher in the era of robo taxis and being able to essentially leave your car to drive around and pick people up as you sit at home. Further the data collection of these cars is incredibly high, so that data storage was also valued. Further, Elon promised both the CyberTruck and Semi years ago. Semi appears to be here in very limited numbers and Truck is still vapour ware. Not to mention the much hyped Roadster thats also not been seen or mentioned in years. 
  
  
  The valuation is no longer forward looking where you could justify paying an insane multiple today, if you expect 50% YoY growth, that multiple doesn’t look bad at all in a year or two. Given the increase in interest rates and the fact of points from above it’s difficult to focus on future when there appears to be cracks showing today. So you take the cautionary road and start to value what you can quantify. And thats an upper middle market EV company with 3 car products at decent margins. When you think of Tesla as an automaker first you realize that at todays stock price you’re saying Tesla is worth $350billion. For comparison, Volskwagen Group who outsells Tesla massively and is home to some of the most successful car marquees in the world has a current valuation of about $73 billion. Which begs the question; is tesla worth nearly 5 times that of VW? >
  
  They never sold any product other than cars and (I suppose) batteries.
  They never sold "software".  It's like saying that Samsung is a software company because it puts software into the TVs, washing machine, phones, etc. that it sells. >
  
  Sure, I hear you. But thats just how growth stories get valued. You’re making a educated guess on future profitability potential. 
  I didn’t make these rules up, its just how the game be. >
  
  The valuation of Tesla as a "tech" company was merely a narrative to explain the enormous bubble caused by the reckless gambling of Wall Street's financial behemoths, and yet many people still don't seem to grasp what happened to Tesla stock. >
  
  I submit that they are neither, if in fact they can’t deliver cars