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Worth noting the Dow Jones U.S. Auto Manufacturers Index is down 62% YTD.
by tzm 4y ago
Worth noting the Dow Jones U.S. Auto Manufacturers Index is down 62% YTD.
- fbdab103 4y agoWhat percentage of that is weighted to Tesla? I think looking at the major brands individually would be more informative.
- wfme 4y ago1 Year TSLA: -69.93% GM: -41.66% FORD: -46.05% STLA: -26.47% 5 Years TSLA: 425.53% GM: -18.71% FORD: -10.33% STLA: -21.52%
- tigershark 4y ago1 Month TSLA: -40%, GM: -15%, Ford: -18%, STLA: -7%
- SilasX 4y agoI was able to find this, which lists each automaker's YTD change that's in the index. https://www.marketscreener.com/quote/index/DOW-JONES-US-AUTOMOBILES-449429/components/ https://www.marketscreener.com/quote/index/DOW-JONES-US-AUTO... Tesla's is still clearly the worst, at -69%, but Ford and GM have -45 and -43% respectively. If it's market-cap weighted (I can't tell at a glance), TSLA will have outsized influence, at a current market cap of $344B vs Ford and GM at $45B and $47B, and those three together being about 90% of the index's market cap. Only three components of it are up for the year.
- ChuckMcM 4y agoGM down 42% Past year Ford (F) down 46% Past Year Chrysler/Jeep (Stellantis) down 26% Past Year Toyota (TM) down 27% Past year Mercedes (MGGYY) down 31% Past Year Lucid Group (LCID) down 84% Past Year Nissan (NSANY) Down 36% Past Year Tesla (TSLA) Down 71% Past Year Honda (HMC) Down 18% Past Year Volkswagon (VWAGY) Down 48% Past Year BMW (BMWYY) down 13% Past Year
- ergocoder 4y agoHow does this average to 62%? Also, Tesla went up a lot. It seems only fair to also compare the upward trend like saying from 2020pr 2019 or something.
- JumpCrisscross 4y ago> Tesla went up a lot. It seems only fair to also compare the upward trend like saying from 2020pr 2019 or something Every company is up infinitely from its founding. The implied question is how Tesla is faring in the current market, and how it is weathering Musk’s recent travails. Neither of those defend a 2019 starting point.
- ergocoder 4y agoGoing down 70% might be normal or not normal. It is difficult to say without considering a relevant context like being extremely overvalued like 1y ago. For example, PayPal and Square are down 64% ytd. Is it because their CEOs go mental on social media too?
- JumpCrisscross 4y ago> Going down 70% might be normal or not normal. It is difficult to say without considering a relevant context like being extremely overvalued like 1y ago. For example, PayPal and Square are down 64% ytd. Is it because their CEOs go mental on social media too? No, but it means there are firm-specific factors driving their value down faster than their benchmarks. We can’t answer why it’s happening. But we can say it’s abnormal.
- ergocoder 4y agoIn order to know whether it is firm-specific, we'll also need to look at other firms. SQ and PYPL also dropped by a comparable percentage, so it doesn't look like firm specific. It's more like they were all overvalued a year ago. But, for some reason nobody mentions this, They all point to Musk + Twitter instead. Another counter evidence: Musk accused British diver of being a pedophile. You would think nobody would want to associate themselves with people who falsely accused other people with pedophilia, right? Then, the stock went up 40x. If it had any impact, it shouldn't have been 40x. I doubt Musk's erratic behavior impacts the stock price that much.
- rtsil 4y agoBut there is (was?) a popular argument that Tesla is a tech company that happens to build cars, not a car manufacturer. So how do they compare to the tech sector?
- xxs 4y agoTesla is a battery company... unless you consider their self driving software overhyped (no delivery) 'tech'.