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 nearly doubled in the past three months.
Underscoring investors’ confidence in Musk and his company’s future growth, its market capitalization has outpaced its U.S. rivals, even as their businesses dwarf Tesla’s. GM and Ford each delivered more than 2 million vehicles in the United States last year, compared with Tesla’s worldwide deliveries of 367,500 vehicles.
The company has repeatedly missed targets in recent years and Musk’s mercurial behavior has come under close scrutiny from financial regulators and shareholders of Tesla. FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song
As long as someone is getting rich I guess
No discussion of his dance moves?
Absolutely absurd
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.
i wish the sweet ass in you