Tesla became the world's most valuable automaker on Wednesday, after the electric vehicle company's market value surpassed Toyota's for the first time on record.
GP: A Tesla Model 3 automobile is on display during the first press day of the Paris Motor Show at the Parc des Expositions at the Porte de Versailles on October 2, 2018 in Paris. The Paris Motor Show will present the latest models from the world's leading car manufacturers at the Paris Expo Exhibition Center from October 4 to 14, 2018.
The milestone underscores the vast investor enthusiasm for Elon Musk's automaker, which has yet to turn a profit on an annual basis. The stock has more than doubled this year, surging 170%, as investors continue to pile into the name. Additionally, when looking at each company's enterprise value, which means including debt, Toyota's $290 billion value exceeds Tesla's $252 billion, according to FactSet data through the March.
Everyone knows that Space X is a separate company? Right? You can’t buy Space X, it is privately held. Google is a part owner so you can buy google. Tesla is Cars only.
This is nuts. Toyota produces 10 million cars a year. Tesla 200 000.
Toyota produces 10 million vehicles a year and knows how to make EV. Tesla is a flee on their back!
Building spaceships kinda breaks the mold
Such a complete and utter joke. The FOMC has created a bubbling monster in the US equity market end of story. Valuations are beyond absurd. There are mounting and massive risks equities are discounting to zero and the hen will come home to roost.
How stupid is that!? Lol
or Toyota is too low or Tesla is too high
ThinkTankCharts For such an ugly car? Crazy
With nowhere near the sales. Crazy how that works. $TSLA the R&D arm of the Auto Industry has a massive market cap. I guess if they ever develop any useful tech they can license it to the likes of Toyota, Honda, GM, and Ford?
Be very afraid! Tesla hasn’t made a dime.
But they're a tech company?
Nutz
Great post! Thanks for sharing.
What a joke
So is the Fed going to start purchasing Tesla bonds now?
great for my stock price. sell or wait for a split i already dumped some when it was around $1000 a few months back...hmmm
Would have been much more fun to read this if Lora wrote this
ThinkTankCharts What a bargain!
10 years:
Crazy! I wonder where are the competitors on the EV market?
Obidenshit$59billioncash payouts
they still don't have solar body panels for cars that sit in the sun all day.. when do we crack that nut open ?
Long $TSLA
Tesla is a scam. I don't know what else to say.
There not just a car company... cant compare them to automakers.
Isn't that laughable?
That’s the dictionary definition of a bubble.
Amazing what an unprofitable company could achieve with little help from the Fed
No other times in history have we seen this kind of stupidity in the markets. Thanks to the slimy federalreserve. Welcome to a zombie market with zombie companies.
How many cars do they produce compared to Toyota?
Making cars no one can afford
Amazing what people from _hit hole Countries can do. Not only that but Musk got $2.6 Billion in 2014, from Obama, (from _hit hole Kenya), at the start of the Falcom Program, that Mr. Trump, (a CNBC favorite), claimed credit for. Fair Use.
Correction. Tesla became the world's most over priced automaker today. Price value.
Tunnels, cars, mars base.....where are they 😂🤣😭
In the words of Keith Sweat, Somethin' Just Ain't Right.
$TSLA share holders are going to get wrecked.
Overrated American companies,fake shares inflated by FED
Tesla is a tech company that happens to make cars. That's about it.
Seems reasonable
But still bleeding cash like a juggler vein!!
AccountingFraud
Tesla’s last EPS was NEGATIVE .87 cents. May 1st Elon said his stock was too high (was around $800 then). Just sayin’
But Musk potentially kills his employees by forcing them to break the law and work his plant during official shutdowns. He could care less if his employees get coronavirus. And they did get it. Musk is one reason our state of CA is in crisis now. I hope someone is suing him.
Inflated by the WS but not much in reality. Iit's said so by the company's owner.
* * Google or lookup R NAUGHT IF Ya happen 2 be worried about COVID19 It's 10 FOR COVID19
Tesla may be an example of why the value of stocks should be distributed among all persons in an economy in a democratic fashion. It appears to be an aggregation of wealth to a lesser productive, more speculative end.
TechnologyNews DesruptiveInnovations
Largest by market value and most complaints about build quality
Breaking: $NAK
And that's all
bubble stock
Except Toyota actually makes a profit.
😭
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