Shares of the electric-car maker have risen nearly 28% since the S&P Dow Jones Indices decided to add the company to the benchmark index from Dec. 21.
The recent rally has also boosted Chief Executive Officer Elon Musk’s net worth by $7.2 billion to $127.9 billion, helping him go past Bill Gates to become the world’s second-richest person, according to the Bloomberg Billionaires Index. Tesla has become by far the world’s most valuable automaker, despite a production that is a fraction of Toyota Motor Corp, Volkswagen AG or General Motors Co.
Is it a bubble, or is there a realistic expectation of a return on that level of market capitalisation?
Tesla is worth more than Disney. DISNEY.
Maybe they can afford engineers who better understand Linux and embedded systems now.
Why? Tesla is shit
Yeah but do they sell cars
Meanwhile, bitcoin market cap is on the rise, and will take out that of tesla pretty soon Bitcoin Tesla
Yet without government assistance, they are incapable of making a profit on any vehicle they sell.
If Trumpers think the election is rigged (it's not) wait until they find out what's happening in the stock market.
R,
what could go wrong
Exactly why I don’t care to bailout corporations. 🤷🏽♀️