Tesla's market value zooms past that of GM and Ford - combined

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For the first time, Tesla Inc's stock market value has eclipsed the combine...

Fueled by a surprise third-quarter profit, progress at a new factory in China and better-than-expected car deliveries in the fourth quarter, Tesla’s stock has more than doubled in the past three months.

The progress made by Tesla Chief Executive Elon Musk has defied short sellers and other traders expecting the automaker to be overtaken by long-established car companies, including GM and Ford. While Tesla’s recent progress has cheered supporters, many analysts and investors remain pessimistic about the company’s ability to consistently deliver profit and cash flow.

 

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with Tesla, Americans sounded Li have no problem outsourcing their jobs. It’s funny. I guess it Elon’s charisma?

With a name like Tesla, he should be in the business of selling teleportation devices instead of electric cars.

He is too rich and it would be much more newsworthy and nice to hear that he donates cash flow to really needed things...like Puerto Rico, & climate change. Not interested in his dancing.

Electric

Better benchmark is Apple.

Electric Jesus and his Tesla cyber cult has one the PR battle for hearts and minds despite the things being an environmental disaster.

He knows ideals.

How is that possible? They haven’t delivered a product yet.

So?

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Tesla's market value eclipses GM and Ford - combined!For the first time, Tesla Inc's stock market value has eclipsed the combine... i wish the sweet ass in you The problem here is that “market value “ simply means price times number of shares. Tesla is hugely overvalued in price based on earnings and growth speculation Tesla is the poster child for why the market could crash. There are far too many companies out there who burn through cash, don't have a long term strategy that will mean they will ever show a profit. Can't help people from buying into fantasies promoted by people like Musk.
Source: Reuters - 🏆 2. / 97 Read more »