Options are in the money, page-7

The EV revolution is truly unstoppable, never mind in what one may think about it but it's what is happening that's telling.

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Tesla Overtakes Ford

BY GLENN DYER - 05/04/2017 | VIEW MORE ARTICLES BY GLENN DYER

In a US and global first investors now agree that Tesla, the US electric car maker (and tiddler so far as actual production and sales are concerned) is the future. They may be right, they may be wrong, but what we saw overnight Monday was a rare event.
In fact on the day that American car sales fell to their lowest annual pace in two years, we saw a big change on the US stockmarket.
The value of electric car maker Tesla soared on a day when the wider market fell to where it became the second most valuable US car company. The continuing record run for Tesla shares saw its market value go past that of the Ford Motor Co. to become America’s No. 2 car company (by market value, not sales).
Tesla’s value is also based on its huge ambitions in battery manufacture, as we have learned in Australia recently. It already supplies battery systems to the home market in the US, Australia and it has just moved into solar energy via the takeover of an associate company. And all this is on top of its space travel ambitions as well.
But electric cars and batteries are Tesla’s best known products, especially the cars and the shares jumped 7.3% to close at a record $US298.52 on Monday because of a good (in the eyes of the market) quarterly saes report).
That put Tesla’s market value around $US48.7 billion vs. Ford’s $US44.6 billion. General Motors Co. is the largest US car maker by market capitalisation, which around $US51.2 billion. Tesla shares are up nearly 40% so far this year, which compares with gains of 5.3% for the S&P 500 index. Ford shares fell 1.7% to $US11.44 and are down more than 5% so far this year.

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