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They're literally responding to someone commenting about stock price Tesla sales growth currently seems limited by their ability to produce, so that's fairly b
by wrsh07 3y ago
They're literally responding to someone commenting about stock price
Tesla sales growth currently seems limited by their ability to produce, so that's fairly bullish
Market cap isn't meaningless, though. Neither is debt. Market cap should be a function of assets, so presumably if Toyota had as little debt as Tesla it would be ~480b market cap.
Why is Tesla higher? It has a better story (not saying I buy it, but at least I can explain it!):
Better self driving prospects (data + compute), licensing charger design, huge growth numbers
- FireBeyond 3y agoAt one point, Tesla was worth more than: Toyota, Volkwagen Group, Hyundai/Kia, General Motors, Ford, Nissan, Honda, Fiat Chrysler, Renault, Suzuki, Daimler, BMW, Mazda and Mitsubishi combined. (Plus several Chinese manufacturers: SAID, Geely, Changan, Dongfeng). I'd love anyone to justify that with a straight face.
- YetAnotherNick 3y agoTesla is the only company significantly ahead of its competition in technical specification.
- wrsh07 3y agoThe justification is simple but you won't like it: retail investors enjoy owning Tesla more than they enjoy owning any of those other stocks There are lots of reasons for that enjoyment, but I'm not sure they matter
- martin8412 3y agoWell no.. They don't have better self driving prospects. Tesla claimed in 2016 that the driver was only in the seat for regulatory reasons. We're now in 2023 and Tesla is still only level 2, nowhere near autonomous driving.