3 ms·
> absurdly, valued about 50% higher than Toyota, and equally absurdly 7 times BMW, which sells 30% more cars. TSLA has a lot of room to decline and still be gen
by FireBeyond 3y ago
> absurdly, valued about 50% higher than Toyota, and equally absurdly 7 times BMW, which sells 30% more cars. TSLA has a lot of room to decline and still be generously valued.
Tesla has at times been valued at a number higher than Toyota, Volkwagen Group, Hyundai/Kia, General Motors, Ford, Nissan, Honda, Fiat Chrysler, Renault, Suzuki, Daimler, BMW, Mazda and Mitsubishi. COMBINED. But wait, there's more, also worth more than all of these AND several Chinese manufacturers: SAID, Geely, Changan, Dongfeng.
The insanity is that this seemed reasonable to a non-negligible portion of the population.