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And , in fact...what's Porsche's marketcap? N/A They are private but the approximation can be extracted from Ferrari: 45.5B Now, where does the remaining 555B

And , in fact...what's Porsche's marketcap? N/A They are private but the approximation can be extracted from Ferrari: 45.5B Now, where does the remaining 555B come from?

lotsofpulp 5y ago
Porsche is not private, it is a subsidiary of Volkswagen which is a publicly traded company. Porsche has 3B euro of profit per year, per Wikipedia, and I would guess it is worth far less than $46B if it were to be sold today since they seem to have stagnated. I do not know what Ferrari has to do with Porsche. If your question is why is the outstanding number of shares of Tesla multiplied by the most recent share price of Tesla equal to $x, then there are multiple answers. The simplest is because someone decided they wanted to buy the most recent share of Tesla at $y. The slightly more complicated one is that that person decided that buying that share was a better use of their money than whatever other alternative they had. The most complicated answer is going to be that many actors in the market are betting Tesla is going to “grow” by market share or new technologies over some nebulous amount of time, and that given all the investment options, people are allocating that amount to Tesla compared to others.
- maverick-iceman 5y ago
  All fair game. By the same token, those who have not been bitten by the Tesla bug have all the rights to point at the highest beneficiary of Tesla shares appreciation which is the CEO who goes by Musk Reeve Lyndon Elon and ask him: "Hey chap, what are you doing for the consumer? Meaning those who buy products, not those who buy stocks. What's the concrete quality of life value your company is producing in exchange for all that wealth? How does it compare against Amazon, Google, Microsoft, Daimler, Ford, Porsche?" And if enough people ask the question and the response is unsatisfactory and there are not enough people to defend him , then he'd be expropriated. You can see pockets of the population which are more and more asking the question. Especially here on HN, one of them was the one which started the discussion. Game recognizes game after all. And again, just like Tesla market cap is fair game, and Musk wealth is fair game... so is people asking questions and the expropriation if the answer is unsatisfactory. The only rule to the game is that there are no rules and that everything is fair game... never explain, never complain, for this sort of things have always happened and it goes with the territory really. It already happened with J.D Rockefeller, and nearly happened again with William Henry Gates III. At least those chaps produced lots quality of life, people went after them due to the hedonistic treadmill effect and the inability of Standard Oil and Microsoft to keep the pace of quality of life improvement after the initial burst which happens when a new tech such as Petroleum oil or the Chip emerges for the first time. Musk Reeve Lyndon Elon has yet to produce some tangible quality of life which is not to the benefit of Musk Reeve Lyndon Elon, or one of his cousins. Tesla most successful product is the common stock of the company, it's also the most pitched and promoted by the CEO. Not even close.

And , in fact...what's Porsche's marketcap? N/A They are private but the approximation can be extracted from Ferrari: 45.5B Now, where does the remaining 555B come from?

lotsofpulp 5y ago

Porsche is not private, it is a subsidiary of Volkswagen which is a publicly traded company. Porsche has 3B euro of profit per year, per Wikipedia, and I would guess it is worth far less than $46B if it were to be sold today since they seem to have stagnated. I do not know what Ferrari has to do with Porsche. If your question is why is the outstanding number of shares of Tesla multiplied by the most recent share price of Tesla equal to $x, then there are multiple answers. The simplest is because someone decided they wanted to buy the most recent share of Tesla at $y. The slightly more complicated one is that that person decided that buying that share was a better use of their money than whatever other alternative they had. The most complicated answer is going to be that many actors in the market are betting Tesla is going to “grow” by market share or new technologies over some nebulous amount of time, and that given all the investment options, people are allocating that amount to Tesla compared to others.

maverick-iceman 5y ago
All fair game. By the same token, those who have not been bitten by the Tesla bug have all the rights to point at the highest beneficiary of Tesla shares appreciation which is the CEO who goes by Musk Reeve Lyndon Elon and ask him: "Hey chap, what are you doing for the consumer? Meaning those who buy products, not those who buy stocks. What's the concrete quality of life value your company is producing in exchange for all that wealth? How does it compare against Amazon, Google, Microsoft, Daimler, Ford, Porsche?" And if enough people ask the question and the response is unsatisfactory and there are not enough people to defend him , then he'd be expropriated. You can see pockets of the population which are more and more asking the question. Especially here on HN, one of them was the one which started the discussion. Game recognizes game after all. And again, just like Tesla market cap is fair game, and Musk wealth is fair game... so is people asking questions and the expropriation if the answer is unsatisfactory. The only rule to the game is that there are no rules and that everything is fair game... never explain, never complain, for this sort of things have always happened and it goes with the territory really. It already happened with J.D Rockefeller, and nearly happened again with William Henry Gates III. At least those chaps produced lots quality of life, people went after them due to the hedonistic treadmill effect and the inability of Standard Oil and Microsoft to keep the pace of quality of life improvement after the initial burst which happens when a new tech such as Petroleum oil or the Chip emerges for the first time. Musk Reeve Lyndon Elon has yet to produce some tangible quality of life which is not to the benefit of Musk Reeve Lyndon Elon, or one of his cousins. Tesla most successful product is the common stock of the company, it's also the most pitched and promoted by the CEO. Not even close.