4 ms·

Tesla is still "worth" more than all other auto makers combined. This is on robotaxi vaporware. There's still a long way to fall. It's going to be glorious!

• jhickok 2y ago
  They lost about 1.5x the value of Volkswagen today (so far). Crazy how (over)valued this company was/is.
  • bryanlarsen 2y ago
    The enterprise value of VW is 200B. Tesla is down ~100B today.
    • jhickok 2y ago
      I was referring to market cap.
      • ac29 2y ago
        Publicly traded equity is only part of the value of a company though, especially when you are talking about a company that might have significant capital assets.
  • culi 2y ago
    Tesla has been the most heavily subsidized automaker in the US. Biden's historic investments in EV subsidies only increased that. It was leading the EV industry and it seemed impossible for it to fail even with the safety scandals that plagued it for nearly a decade It's truly incredible that someone could fuck up such a favorable position
    • bryanlarsen 2y ago
      > most heavily subsidized automaker The federal government literally purchased all of GM & Chrysler in 2009.
      • culi 2y ago
        Tesla has also received $466,500,000 in bailouts. But bailouts are NOT the same thing as subsidies https://subsidytracker.goodjobsfirst.org/parent/tesla-inc https://subsidytracker.goodjobsfirst.org/parent/tesla-inc