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So Tesla is now worth more than Toyota, VW, Mercedes, GM, BMW, Ford, and Exxon combined. That seems like a lot of "looking forward" to me.
by cowmoo728 5y ago
So Tesla is now worth more than Toyota, VW, Mercedes, GM, BMW, Ford, and Exxon combined. That seems like a lot of "looking forward" to me.
- martythemaniak 5y agoIt is, but TSLA has been like this since 2014-ish? They do well on one product and the market automatically thinks they'll make the next one even better. Also, because it's sentiment-driven, it's very volatile. Nothing wrong with trading on sentiment, as long as you know that's what you're doing.
- Kranar 5y agoIt depends on how you measure the value of these companies. If you go by market cap then yes Tesla is worth more than all of them combined. The reason for this is that all those other companies you mention have enormous debt, whereas Tesla's debt is fairly negligible. Tesla has 10 billion dollars in debt compared to GM which has over 100 billion dollars in debt or Ford which has over 150 billion dollars in debt.