FOX: Tesla stock rose more than 3% in Wednesday trading, giving the electric vehicle pioneer a market value of about $207 billion. That eclipses the Toyota Motor market value of roughly $202 billion. Toyota shares were down 1.6% in overseas trading.
Year to date, Toyota stock is down about 14%. Tesla, on the other hand, has soared more than 160%. And over the past month, Tesla shares have climbed more than 20%. Rising second-quarter delivery estimates catalyzed the recent Tesla stock move. more
Wait until these Tesla owners have to buy new batteries….
Tesla replaces Toyota as world’s most lethal automaker…fixed it for ya.
Lots of folks used to buy snake oil from hucksters.
Um, Tesla has the highest market capitalization but that’s not quite the same thing as “most valuable”. How about the value of each company’s capital equipment, real estate, intellectual property, good will… Those are real values and only partially represented by share price/quantity.
An expensive car subsidized with tax payer credits and with major quality issues on their new vehicle. No one complaining that rich liberal shmucks are getting part of their car paid by poorer Americans.
https://electrek.co/2020/06/16/tesla-model-y-quality-issues/
Uncle Al
True enough, but Musks Fiscal responsibility is to his share holders. Product wise, I wouldn’t own one of those pieces of shit, but you can’t say Musk hasn’t done an outstanding job.
How can this be?….you can stick a fork in some potato salad and find 10,000 Toyata owners, yet I know no one who owns a Tesla….gives ya some confidence in the country’s financial guru’s doesn’t it?….How about health care or the insurance industry in general?…..
NooseCar most affected!
I still don’t like the 200 mile long electric cord!
This makes me think of how the movie Avatar is the highest grossing movie of all time. How much of that was because much of its take was from 3D showings which cost a lot more money? I wonder how it would compare if that was taken out of the equation.
You could probably buy two or three high-end Toyota’s for the cost of one Tesla. If people really had to pay for Tesla’s without any subsidies the sales would probably goi into a free fall. I think that was seen in Australia, if I recall correctly. The government stopped the subsidies and the tax breaks, then Tesla couldn’t give the cars away.
@Uncle Al July 2, 2020 at 6:37 pm
> the value of each company’s capital equipment, real estate, intellectual property, good will… Those are real values
Imaginary “property”? Denominated in fake “money”?
“Real” in
Tesla vehicles represent an extremely flawed and expensive virtue signal.
Well played, Tesla. Well played.
I was a struggling young newly-wed when I first started a full-timed job at Toyota in 1968, southern Cal. And I gained a lot of ‘growing up’.
I don’t have any real input for this thread, but…..
I didn’t get shit from Tesla.
You may not like the guy, but he’s putting us back into space. Good on him.
@ Rick…who’s putting who back in space?….He’s subsidized by US taxpayers and I could argue that this was inevitable…..
A good watch: Why electric cars are bad for the planet
“who’s putting who back in space?….He’s subsidized by US taxpayers ”
Did you expect him to put us back in space for free? Does Boeing give us free fighters?
Toyota builds a lot of vehicles in the USA.
Musk was thinking about factories in CHYNA. (unsure about his current post plandemic ideas)
The Tacoma with a 50 Cal mounted in the box is a poor mans assault hummer etc.
The Toyota Camry is the work horse of the Taxi Industry and as family vehicles are passed down to younger drivers.
Teslas are trade in mobiles after 3 years.
“who’s putting who back in space?….He’s subsidized by US taxpayers ”
Did you expect him to put us back in space for free? Does Boeing give us free fighters?
Relax Bad_Brad….Your getting well and I’m glad for that….America’s freedom and funding comes from the fruit of CAPITALISM and the investors….How much of the government’s teat do you suck in your industry?….Sorry, I have some knowledge and views opposed to yours…..So yeah, America was gonna go back into space….and I hepped….
Tesla is propped up by heavy subsidies, and has been from the start. It is the poster child of what a “soft” socialist economy looks like. Government chooses the winners and losers — and somehow still loses.
Has Tesla ever actually earned a profit (annual, not quarterly. Way too easy to distort the books to show quarterly profit) — with or without subsidies?
Having Tesla stock is like playing a high stakes game of hot potato. At some point, the investor swarm will scatter. Until then, Elon Musk is the smartest man on earth.
They should not be allowed on interstate highways, which are funded by fuel tax revenues.
They also should be assessed a fee for all the energy used to generate their electric power for charging batteries.
ACParker @
Tesla trades at a Price to earnings of 262 times earnings.
The domestic Auto Industry trades at 26.5 times earnings.
(we all know how profitable GM, Ford, Dodge are with heavy debt ratios)
That indicates that an investor is willing to tie up $262 in Tesla stock in the hopes of getting 1 dollar of earnings in a year.
So, You give Elon: A bottle of $100 scotch, 2 steaks, 2 desert and 2 espressos. 1 year latter, he gives you a Dunkin Donut in a paper cup.
Apple has a P/E of 28.5 and is currently a bit overvalued with ENORMOUS CASH RESERVES.
@ Kcir: “So, You give Elon: A bottle of $100 scotch, 2 steaks, 2 desert and 2 espressos. 1 year latter, he gives you a Dunkin Donut in a paper cup.”
Yep, smartest man on earth.
ACParker @
Agreed, he plays with everyone else’s money. Smart? I would never take from someone else what I have not earned.
I think he is immoral in this regard.