Tesla stock market value exceeds Toyota as worlds most valuable auto Co.

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Jul 1, 2020.

  1. 61falcon

    61falcon Well-Known Member

    Joined:
    Apr 27, 2018
    Messages:
    21,436
    Likes Received:
    12,227
    Trophy Points:
    113
    Gender:
    Male
    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.
     
  2. 61falcon

    61falcon Well-Known Member

    Joined:
    Apr 27, 2018
    Messages:
    21,436
    Likes Received:
    12,227
    Trophy Points:
    113
    Gender:
    Male
    No stock market followers here on Political Forum?
     
  3. NightOwl

    NightOwl Banned

    Joined:
    Feb 11, 2020
    Messages:
    2,812
    Likes Received:
    3,088
    Trophy Points:
    113
    Gender:
    Male
    Tesla has always been ridiculously over-valued. In fact the stock market itself is ridiculously over-valued.
     
    TurnerAshby and Antiduopolist like this.
  4. 61falcon

    61falcon Well-Known Member

    Joined:
    Apr 27, 2018
    Messages:
    21,436
    Likes Received:
    12,227
    Trophy Points:
    113
    Gender:
    Male
    Absolutely agree with you there, just about everything over valued.
     
  5. Golem

    Golem Well-Known Member Donor

    Joined:
    Feb 22, 2016
    Messages:
    42,517
    Likes Received:
    18,644
    Trophy Points:
    113
    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.
     
  6. 61falcon

    61falcon Well-Known Member

    Joined:
    Apr 27, 2018
    Messages:
    21,436
    Likes Received:
    12,227
    Trophy Points:
    113
    Gender:
    Male
    I'm afraid there is going to be an extreme day of reckoning as the entire more is grossly over valued.
     
  7. Golem

    Golem Well-Known Member Donor

    Joined:
    Feb 22, 2016
    Messages:
    42,517
    Likes Received:
    18,644
    Trophy Points:
    113
    Me too. But he's young. And those funds are for retirement. So he'll be fine. A learning experience....
     
  8. 61falcon

    61falcon Well-Known Member

    Joined:
    Apr 27, 2018
    Messages:
    21,436
    Likes Received:
    12,227
    Trophy Points:
    113
    Gender:
    Male
    Tesla's stock price has increased over 200% so far this year.
     
  9. ChiCowboy

    ChiCowboy Well-Known Member

    Joined:
    May 5, 2015
    Messages:
    23,076
    Likes Received:
    14,142
    Trophy Points:
    113
    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.
     
  10. Antiduopolist

    Antiduopolist Well-Known Member

    Joined:
    Jun 9, 2016
    Messages:
    24,354
    Likes Received:
    10,858
    Trophy Points:
    113
    Annnnnnnnnnnnd that's the thread.
     
    TurnerAshby likes this.
  11. 61falcon

    61falcon Well-Known Member

    Joined:
    Apr 27, 2018
    Messages:
    21,436
    Likes Received:
    12,227
    Trophy Points:
    113
    Gender:
    Male
    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
     
    TurnerAshby likes this.
  12. 61falcon

    61falcon Well-Known Member

    Joined:
    Apr 27, 2018
    Messages:
    21,436
    Likes Received:
    12,227
    Trophy Points:
    113
    Gender:
    Male
    With todays stock prices on Tesla and Warren Buffet's Berkshire Hathaway, Elon Musk is now wealthier than Warren Buffet.
     

Share This Page