4 ms·

I'm don't get why people care about market cap, but for what it's worth, tesla sits at about 2-3x those two companies combined. And panasonic is "just" a 20 bil

• oblio 4y ago
  > tesla sits at about 2-3x those two companies combined Now, when it fell about 50%. I was just behind the news. At a certain point this graph was true: https://wolfstreet.com/wp-content/uploads/2021/10/US-Tesla-market-cap-v-top-10_2021-10-25-.png https://wolfstreet.com/wp-content/uploads/2021/10/US-Tesla-m... Which was just insane. Why do people care about market cap? Because it shows mindshare. It shows what people care about and where investments should go, preorders, a lot of that stuff. Plus market cap can be converted into money (not 1:1, but still).