5 ms·
Yes but TSLA's market cap 10 years ago was $3B. TSLA didn't pass $100B til last year, when they produced ~510,000 cars.
by fastball 5y ago
Yes but TSLA's market cap 10 years ago was $3B.
TSLA didn't pass $100B til last year, when they produced ~510,000 cars.
- mataug 5y agoThat's a good point, could it be that in the last couple of years enthusiasm, and potential of EVs have grown so much that the market is okay with the large valuation of EV manufacturers ? Plus we're witnessing more and more of the consequences of our carbon emissions that most people believe EVs are the future ? On a side note, I think EVs are merely a small piece of the puzzle for solving the climate crisis, wholistic solutions must include public transport, walkable neighborhoods, mixed use zoning and a whole lot more, but that's neither here nor there.
- xboxnolifes 5y agoIf I were to guess, Rivian's valuation is in large part because of Tesla's success. Tesla proved the path is possible.
- fastball 5y agoRight, but possible =/= probable. Like just because Unity is doing well doesn't mean I should invest in every video game company on the stock market. But I guess the market isn't rational.