Posted on 01/07/2020 9:47:21 AM PST by C19fan
Tesla Inc. is as big as peak Ford Motor Co., with the Silicon Valley electric-car maker stock poised to hit another record on Tuesday.
Tesla TSLA, +2.73% shares traded as high as $462.06, up more than 1% from Monday’s record close, the latest in a series of ever-climbing notches that stretch back to mid-December.
(Excerpt) Read more at marketwatch.com ...
It’s not how many cars it sells, it’s how much taxpayer money it gets.
“It’s only paper.”.....Sam Walton..........
Elon Musk must be doing something right to have such a valuable cash cow.
These stockholders are in for a rude shock in the future.
They’ll likely ask for a bailout eventually, since Tesla was propped up by government subsidies.
Bigger market cap than Ford...absurd on its face.
The company seems to be profitable. Shareholders seem to think so.
So did Bitcoin customers.
The simple explanation is that there are more commies and environmentalists than there were before.
Head scratcher. This is a company that sells around 100 K cars a year worldwide.
...
Tesla just finished a large factory in China. Their car market is larger than ours. They will have another large factory in Europe in another year. Their market is about the same size as the US.
I worked for a telecom equipment manufacturer during the dot.com bubble that briefly had a market cap higher than Exxon’s. It cratered within a year and there’s no trace of it 20 years later. Tesla may well get a comeuppance.
Enron was at $60 bn and WorldCom at $186 bn.
Yep. I think if they’d triple their production they’d easily sell it all in China alone.
Not bad for an auto company that has made money in about 4 quarters in the last 15 years.
FAKE NEWS!
A lot of companies were “worth” billions and then went to zero. Most were internet types. But here is an article on how to tell which is which, good from bad. Don’t know how Tesla would fair but I haven’t heard about them making money lately.
https://www.investopedia.com/articles/active-trading/081315/financial-ratios-spot-companies-headed-bankruptcy.asp
The hubris of America’s biggest welfare queen is astounding.
Current earning per share: -4.81 a share.
Tesla does not pay a dividend.
But, if people think they will make money, hey buy it.
Tulips
I like their products but wouldn’t bet money on their long-term survival. Mainstream manufacturers will catch up sooner or later.
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