$Alphabet(GOOG)$ $Tesla Motors(TSLA)$ Google autonomous vehicles are here, with more expected to emerge. It's puzzling why some believe Tesla is comparable to Google, or if it ever will be. Tesla, a car company, has a P/E ratio of 61, which is significantly higher than other car companies. Its automotive business has plateaued with slimmer margins, and a substantial portion of its profits derives from the sale of carbon and tax credits, which rely on Democratic support. Consider if George Soros' business required Republican backing. To me, Tesla's robots seem akin to remote-controlled cars. In contrast, Google has a P/E of 21 and operational autonomous vehicles. Thus, investing in Tesla is like paying tenfold compared to other car companies for its taxi and robot ventures, which may or may not succeed. Conversely, Google offers a proven autonomous car business at no additional cost. For autonomous vehicle investments, Google, Uber, or GM seem like the viable options.
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