Tesla now worth more than combined value of Ford and GM

Tesla now worth more than combined value of Ford and GM

Tesla’s stock on Tuesday surpassed the $500 level per share, taking the company’s valuation to roughly $94.6 billion. This makes Tesla America’s most valuable car company. The valuation surpasses the combined value of Ford and GM. In 2019, the company managed to ship an impressive 367,500 vehicles.

pennydreadful
pennydreadful
Jim Boi
Jim Boi 3 months

I think this rally is fueled by memes

Canadian Thought
Canadian Thought 3 months

They also make better cars than GM and Ford combined. And grid battery storage. And solar systems. And self driving technology. And no stealerships. And mobile service. Stock is just a popularity contest, but they are blazing a trail nonetheless.

Paul C
Paul C 3 months

Makes no sense, but I like it.

Hannibal
Hannibal 3 months

Stock prices seldom reflect corporate profits. Tesla is a media-created cult. Let's see those sales figures a year from now.

Rhokanth
Rhokanth 3 months

The stocks may be worth more, but that's only a portion of a company's valuation. Ford is among the most stable car companies on the planet, and one of the few that didn't sell their soul to the devil (government) like GM.

Jim Boi
Jim Boi 3 months

Tesla has meme fueled rally.

Leo Miggel
Leo Miggel 3 months

*Elon intensifies*

michael zubas
michael zubas 3 months

The Automobile Industry will change forever the day the First CyberTruck rolls off the line.

Marcus
Marcus 3 months

Awesome

Paul C
Paul C 3 months

I fucking love short squeezes.

Wholly
Wholly 3 months

You can't claim he (and Tesla) don't work for it.

Indo
Indo 3 months

awelco e to the New World.

Jim Boi
Jim Boi 3 months

The cult continues

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