With due respect, I wouldn't get too excited about the Tesla "valuation" it's based on market cap rather than true enterprise value. Many are questioning ...
"The relative value of Tesla and General Motors Co. is headed for a correction, as the latter is “clearly” undervalued, Mike Jackson, the chief executive officer of AutoNation Inc., said Tuesday. A week after topping Ford Motor Co., Tesla’s market cap climbed to $50.9 billion at Monday’s close, valuing the electric-car maker as worth about $64 million more than GM.
“It’s either one of the great Ponzi schemes of all time or it’s all going to work out” for Tesla, Jackson said at a conference in New York hosted by the National Automobile Dealers Association and J.D. Power. “It’s totally inexplicable, as far as its valuation.”
Tesla’s surpassing of GM and Ford has spurred debate over the relative value of the Elon Musk-led company compared with some of the world’s top-selling automakers. Tesla delivered fewer than 80,000 vehicles last year and has only reported two profitable quarters in its short history. GM, on the other hand, sold more than 10 million vehicles and expects to earn more than $9 billion this year."
https://www.bloomberg.com/news/vide...market-cap-is-about-belief-not-evidence-video
Wall St Journal: Tesla value now higher than GM, page-2
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Last
$2.94 |
Change
-0.070(2.33%) |
Mkt cap ! $8.849B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $64.87M | 22.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86878 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 199466 | 4 |
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| PLS (ASX) Chart |