Tesla is now worth nearly $300 billion compared to Ford's $26 billion, General Motors' $38 billion, and Fiat-Chrysler's $16 billion. In a single day's trading, Tesla is often able to add or subtract entire market values of its competitors from its own capitalization.
When you look at Tesla's valuation on a per-car-sold basis, that number becomes even more divorced from the rest of the auto industry. In 2019, Tesla delivered 367,656 cars to customers. For comparison's sake, Ford sold 5.4 million vehicles worldwide in the same year, while FCA delivered 4.2 million. General Motors, meanwhile, sold 2.8 million in the United States alone.
To simplify things: Tesla was worth more than $200,000 per vehicle it sold in 2019 at the year's end, compared to Ford's roughly $6,700 per vehicle sold, back-of-the-envelope calculations show. These comparisons, of course, aren't the complex valuation ratios or earnings multiples ascribed by investors, but illustrate how the stock's rise has led some on Wall Street to throw in the towel when it comes to predicting a price.
And reality.....
My fav stock broker gave primary advise on stock investments... don’t use monie$ you can’t afford to lose!
Divorced from reality. 😂
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok social competitors are capitalizing on app's potential US ban - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why is the US hesitant to block an app which is spying on them. Terrible politics. THERE ARE SOME HIDDEN CODE LINES in that application that have a CHINESE goverment backdoor control in my opinion... They want to collect data from users to massify the consumption of their products based on these statistics and trends /SHOW YOUR CODE THIS IS A TROY HORSE THERE ARE SOME HIDDEN CODE LINES in that application that have a CHINESE goverment backdoor control in my opinion... They want to collect data from users to massify the consumption of their products based on these statistics and trends /SHOW YOUR CODE
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news: Global stocks tumble after China GDP data - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Whenever I hear any positive financial news out of China I automatically think luckincoffee Barnes_Law Business insider globalists tool
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us today at 1:30 p.m! Business Insider payments reporter Shannen Balogh will speak with Domm Holland, Fast's co-founder and CEO, about how he came up with the idea for the company and Jan Hammer, general partner at Index Ventures. This is DOA
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tech stocks investing strategy, best trades to hedge collapse: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Reminds me of the year 2000. Weren’t they demand in year 2000 ? Go tech!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Investors worried Democratic sweep is bad for stocks need not worry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wall Streets interests are not Main Streets interests Maybe if Warren or Sanders were at the top of the ticket, but not Biden. They are not worried about stocks. They are worried about being taxed their fair share of the bill. Top earners really should be taxed at 70%. Minimum.
Source: BusinessInsider - 🏆 729. / 51 Read more »