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Tesla high valuation is the only thing that has prevented it getting bought by one of the big car companies, and that's a good thing. GM used to buy smaller com

Tesla high valuation is the only thing that has prevented it getting bought by one of the big car companies, and that's a good thing. GM used to buy smaller competitors to take them off the market and just keep the name as a token of the brand. Hundreds of players from the first half of the 20th century got swallowed into a few brands. Tesla has pushed the car industry forward decades in a few years. The big players were just competing in price and size of vehicles and never taking risks. Elon Musk has the vision and charisma to execute and move Tesla to the forefront of innovation, keeping everybody else in its toes trying to catch up. I don't think the market cap will fall anytime soon for this company.

Mononokay 9y ago
> Tesla high valuation is the only thing that has prevented it getting bought by one of the big car companies I don't think so. Musk doesn't seem like the type of person to compromise on a vision for a (relatively) small buyout. He'd have probably declined if given an offer.
- deleted 9y ago
  [deleted]
- femidav 9y ago
  It's not like he can decide that alone, he has ca. 20% of Tesla's shares.
twblalock 9y ago
> I don't think the market cap will fall anytime soon for this company. Really? The stock is down about 20% since the beginning of this month. It already happened. I want Tesla to succeed. I think the company has done a lot to make electric cars mainstream, at least in people's minds if not in their driveways. But I see no justification for Tesla having a market cap in the same range as GM, which sells 10 million cars per year, or Ford, which sells about 7 million cars per year. Tesla sells about 100k cars per year and is burning through money pretty fast. It might have made a positive contribution to society, but at the end of the day it's a money-losing company and the stock price is going to reflect that.
- Retric 9y ago
  A little over a year ago Tessa stock had fallen from 280 to 150. +/- 20% is fairly normal for the company. If it falls to say 10 billion that's a major crash, until then it's hard to say how meaningful the week to week changes are.
s2g 9y ago
Vehicles like the Prius have been around (and immensely popular) for a long time now.

Mononokay 9y ago

> Tesla high valuation is the only thing that has prevented it getting bought by one of the big car companies I don't think so. Musk doesn't seem like the type of person to compromise on a vision for a (relatively) small buyout. He'd have probably declined if given an offer.

deleted 9y ago
[deleted]
femidav 9y ago
It's not like he can decide that alone, he has ca. 20% of Tesla's shares.

twblalock 9y ago

> I don't think the market cap will fall anytime soon for this company. Really? The stock is down about 20% since the beginning of this month. It already happened. I want Tesla to succeed. I think the company has done a lot to make electric cars mainstream, at least in people's minds if not in their driveways. But I see no justification for Tesla having a market cap in the same range as GM, which sells 10 million cars per year, or Ford, which sells about 7 million cars per year. Tesla sells about 100k cars per year and is burning through money pretty fast. It might have made a positive contribution to society, but at the end of the day it's a money-losing company and the stock price is going to reflect that.

Retric 9y ago
A little over a year ago Tessa stock had fallen from 280 to 150. +/- 20% is fairly normal for the company. If it falls to say 10 billion that's a major crash, until then it's hard to say how meaningful the week to week changes are.

s2g 9y ago

Vehicles like the Prius have been around (and immensely popular) for a long time now.