Quote:
Originally Posted by 455Grandville
Teslas concern isnt sales, rather its to own the electric technology including self driving cars and the best charging system.
And yes, as of now their total stock market shares
are worth 3 times more than Gm and 7 times more than Ford and it’s rumored they’re going to do another split this year.
I’m not a fan of TSLA, but I bought stock in them before they did the last split and it’s up to 885 a share now.
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You better update your market cap values.
1. Tesla - 834 B
2. Toyota - 214 B
3. VW - 95 B
https://companiesmarketcap.com/autom...by-market-cap/
Tesla is theoretically worth nearly 4 times what Toyota and over 8 times more than VW is worth???
The following will show you how foolish the market cap for Tesla is looking at what they are actually selling:
1. Tesla - $1,405,000 per car sold
2. Toyota - $20,000 per car sold
3. VW - $9,000 per car sold
https://www.fool.com/investing/2021/...on-in-1-chart/
Sirrotica makes an excellent point about the electric infrastructure.
California, the state with the highest electrical car count, suffered from rolling blackouts and brownouts last summer. Yes, it was hot in CA, but the decisions to due away with coal and natural gas generated electric power has reared it's ugly head.
And this happened despite the fact that CA imports more electricity than any other state - over 30%. This importation was a significant reason for their blackouts and brownouts when Nevada and Arizona cut them off last summer.
And there is a cost for this - currently LA residents pay nearly $.21 per kilowatt for their electricity and SF pays nearly $.24 per kilowatt...