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. 😂
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