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But that's the point. Tesla's market cap is over $700bn. That's more than twice that of all of Porsche, VW (which owns Audi), Mercedes, BMW, Ferrari and Volvo
by NovemberWhiskey 4y ago
But that's the point. Tesla's market cap is over $700bn.
That's more than twice that of all of Porsche, VW (which owns Audi), Mercedes, BMW, Ferrari and Volvo put together.
Without selling down into the mass-market and out-competing Chevy in that segment, that price premium cannot be justified.
- jliptzin 4y agoTesla’s margins are much higher and they also have no debt
- NovemberWhiskey 4y ago>Tesla’s margins are much higher But they're not. On a trailing four quarter basis; BMW has more revenue than Tesla ($135bn vs $67bn), better operating margin than Tesla (18.6% vs 16.2%) and therefore also higher earnings ($25bn vs $11bn). ... and Tesla does have debt; in fact, it just for the first time got upgraded from junk to investment grade this month.