Todays stock market price, coupled with the number of shares outstanding, value Tesla as the worlds most valuable auto sales company, surpassing Toyota, which was number one. The truly amazing part of this is that Tesla still may not have sold one million vehicles since it's inception ten years ago while Toyota regularly has sales worldwide of over nine and a half million vehicles in a single year. The Toyota sales would include both Toyota and Lexus. This market valuation of Tesla seems to defy logic.
Tesla has always been ridiculously over-valued. In fact the stock market itself is ridiculously over-valued.
My son is a self-described stock market nut. He actually listens to board meetings of the companies he invests or plans to invest in. And we can't shut him up about how much he loves Tesla. He has a problem that we all wish we had: his Tesla stock has gone up so much that he is worried because his stock portafolio is going crazy out of balance. But he doesn't want to sell any of it. It's something that certainly came in handy for him after the latest crash.
I'm afraid there is going to be an extreme day of reckoning as the entire more is grossly over valued.
Me too. But he's young. And those funds are for retirement. So he'll be fine. A learning experience....
I haven't read any analysis, but with Democrats apparently on their way to victory, speculators are betting on a green energy policy which would benefit Tesla above everyone else. Beyond government, renewable energy is the future, and again, we can attribute stock price to future expectations.
Tesla's closing price today gives it a stock market valuation of $224 BILLION, which is 4 times the value of General Motors, Ford and Fiat Chrysler COMBINED
With todays stock prices on Tesla and Warren Buffet's Berkshire Hathaway, Elon Musk is now wealthier than Warren Buffet.