Musk promotes humanoid robots, and Wall Street does not eat this set

Musk

(This article was first published in the Qingbo column, authorized to be released by Zijin Finance, please indicate the source when reprinting)

Musk is a public relations master, the social platform belief he created, is no longer a traditional brand belief, but a personal belief similar to religion, from Tesla motors to Dogecoin to immigration to Mars, from this perspective to understand that he said yesterday (January 27) that the humanoid robot is Tesla's most important product, in fact, you know why Wall Street does not eat this set.

Simply put, although it is an investor conference call, the theme should be important information related to Tesla's core business, but Musk regards this occasion as his personal show time, so he is very calm about not having a new car this year, but depicts the infinite future of humanoid robot products, obviously, his words are not for investors, but for fans, his believers.

For companies like Tesla, in the sky where the market value is as high as $1.2 trillion, the so-called financial report exceeds expectations and does not have much meaning, just like some rational investment banking institutions have been bearish on Tesla's stock price, because this market value is probably the performance of Tesla in 2030, so no matter whether the growth rate in 2021 is 50%, 90% or 200%, in fact, behind the market expectations, it is less than expected.

This is a paradox of high-growth enterprises, especially in the past two years of the Fed's big water release background, Tesla's valuation in the institutions and retail investors together to promote to an unprecedented skyline, therefore, when the Fed to start to collect water, Tesla stocks, will certainly be the biggest impact, which is why the stock god Buffett holds Apple but resolutely does not touch Tesla, this morning more than 10% of the decline, I am afraid it is only the beginning.

Musk of course knows this, so he will throw out "humanoid robots are Tesla's most important new product" such a god answer, but, from the general trend, the peaking trend of the US stock market has been obvious, unless the Fed changes course, tesla's stock price is unlikely to reverse because of such a concept created by Musk, to put it bluntly, it is the "human spirit" on Wall Street, not Musk's fans, they do not eat Musk's set of words.

From another point of view, if this statement is placed a year ago, the Fed is still continuing to release water, then it is estimated that Tesla's stock price performance is a different look, to put it bluntly, the short-term stock price is driven by market funds and investor confidence, the long-term is determined by corporate performance, market share, product moat, in the Fed's attitude and determines the short-term sentiment of market investors, in the case of water collection is difficult to reverse, no matter how many concepts are difficult to reverse the downward trend of stock prices.

Apple has just released a financial report, and it is the best in history, and it is also beyond market expectations, but Apple's dynamic price-earnings ratio is only 25 times, Tesla is more than 150 times, the market share of Apple's iPhone is close to 20% of the global market, Tesla's market share is less than 2% of the global automotive market, so the same exceeded expectations, Apple's stock price basically did not fall, and Tesla fell into a dog.

Not only in terms of stock price performance, Apple and Tesla are very different in the recent past, in the past year, optimistic about Tesla, the wood sister who believes in Musk, its ARK fund fell into a dog, and the stock god Buffett, holding Apple stocks and a lot of cash, watched the US stock jump up and down to play Sun Wukong, waiting for the next opportunity, so, or that sentence, when the tide recedes, only to know who is swimming naked.

In short, in the context of the return of the value of the US stock market and the difficulty of reversing the Fed's water collection, Musk, even if he is the god of Twitter, it is difficult to change the general trend of Tesla's stock price by concept, but this is his consistent style, or human design, as long as the fans believe it, as for the "human" capitalists on Wall Street, they are not the same as Musk.