Posted on 04/10/2017 9:45:24 PM PDT by Timpanagos1
For the first time in the era of the modern automobile, the most valuable U.S. car maker is not based in Detroit. Silicon Valley's Tesla (TSLA, +3.26%) overtook General Motors (GM, +0.77%) on Monday to become the U.S. car maker with the largest market capitalization as the century-old automobile industry increases its reliance on software and cutting-edge energy technology. That milestone is likely to be on the minds of Tesla Chief Executive Elon Musk and GM Chief Executive Mary Barra as they and other CEOs visit the White House on Tuesday to discuss tax reform and infrastructure with President Donald Trump.
(Excerpt) Read more at fortune.com ...
BS.
The Market Cap is an accurate representation of a company’s value and Tesla is more valuable than GM.
“The media’s the most powerful entity on earth.”
- Malcolm X
And Musk’s wallet is so glad.
“Largest market capitalization” is BS insofar as it represents the expectation of investors.
The question is whether they will be disappointed, and I would agree that they well might be ... because ... what is being offered?
A fool and his money are soon parted. Tesla’s long term viability has been dealt a likely fatal blow by the Trump administration’s deep-sixing of Obama’s ridiculous mileage standards. Tesla won’t be able to continue the scam of selling zero emission credits as a crony capitalist.
Considering the billions in subsidies Musk gets for his companies from gubmint, it is probably true.
“Considering the billions in subsidies Musk gets for his companies from gubmint, it is probably true.”
How much is subsidies did GM receive when they were bailed out by the taxpayer?
Fortune mag: “Last year it sold 76,230, missing its target of at least 80,000 vehicles. By comparison, GM sold 10 million cars and Ford (F, +0.36%) sold 6.7 million.”
GM is doing well but suffering from its bailouts. Tesla is doing well and I see Teslas around town more and more.
No, market capitalization is an accurate representation of what investors (aka bettors) think (or hope) the company is worth. What about earnings per share or the p/e ratio?
How is GM suffering from its bailouts?
Since it only took one leftist judge to zero-out “old GM’s” bondholders and sell all the assets to the United Automobile Workers Union and the Federal Government in a one bidder auction, I’m surprised that “new GM” has any capitalized market value at all. Only a fool wold invest their money with organized criminals.
You live in California. Here in the Dallas/Ft Worth metro, which has no shortage of wealthy people, they’re about as common as Bentleys or Aston Martins.
“...they’re about as common as Bentleys or Aston Martins.”
Which makes them rich people’s toys.
Will this be the Bre-X of 2017?
Is that the same as most expensive? As I recall, GM and Tesla both benefit from considerable federal subsidies. Take that out of the equation and I think Ford is the most valuable automobile manufacturer. Ford rejected gubmint charity. My bet is on Ford ;) I hope that President Trump is paying close attention and is not hoodwinked by these charletans.
You got to be kidding asking that question.I personally know ten people that were dyed in the wool gm buyers and are now own fords because of that very instance.GM then lied about paying it back which they have not.
HEAR,HEAR!
Gotta love those government subsidies. Who to vote for? Tesla, living on “green” subsidies or GM which is practically owned by the government.
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