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Tesla Just Surpassed GM to Become America’s Most Valuable Carmaker
- deleted 10y ago[deleted]
- kogus 10y agoThis is impressive, and I hope Tesla brings loads of great ideas and competition into the auto market. But I think the breathless quality of these stories is misplaced. Tesla's current sales are a tiny fraction of Kia, much less GM. The market cap of GM is based on established revenue streams and a fairly stable future. The market cap of Tesla is largely speculative, based on the belief that Tesla is the next GM. The interesting news from Tesla, therefore, is their actual achievements along their path to bring that future to light.