Tesla's market value is now more than Ford and GM combined - Business Insider

And though Tesla has shown that it can turn a quarterly profit, it has yet to report an annual one, meaning that it's not yet totally in the clear after a rough start to 2019. "In our view, TSLA shares now appear fully valued after a meteoric run-up," Garrett Nelson of CFRA wrote in a Wednesday note. He maintained his $400 price target on Tesla shares, but lowered his rating to "sell" from "hold.

"We see the recent China factory start-up weighing on Automotive gross margins in 1H 2020 and U.S. sales being negatively impacted by the recent phase-out of its federal EV tax credit, rising competition and seasonality," he said. He continued: "With TSLA's market cap now exceeding GM and Ford combined despite having only about 3% of joint vehicle sales volume, we think investors have given TSLA plenty of credit for future growth, raising execution risk."

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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 »

Tesla's market value zooms past that of GM and Ford - combinedFor the first time, Tesla Inc's stock market value has eclipsed the combine... How is that possible? They haven’t delivered a product yet. So? He knows ideals.
Source: Reuters - 🏆 2. / 97 Read more »