Nope. Tesla had been extremely overvalued (think in the range of a factor of 10) and continues to be much more “worth” than it’s real value. It has a new product that gave it an edge. Other car manufacturers that are factors bigger than Tesla have caught on and are surpassing it quickly. The way I see it, Tesla is dead soon
Nope. Tesla had been extremely overvalued (think in the range of a factor of 10) and continues to be much more “worth” than it’s real value. It has a new product that gave it an edge. Other car manufacturers that are factors bigger than Tesla have caught on and are surpassing it quickly. The way I see it, Tesla is dead soon
For anyone wondering, Teslas market cap is roughly $500 billion and Ford is ~$50 billion.
There is no way Tesla is worth 10 times what Ford is.
Ford’s total revenue last year was $176 billion and Tesla’s was $96 billion.
Also, Ford makes a butt load more models and units than Tesla. Tesla has, what, 4 models? Teslas stock price is ridiculous
The number of models is irrelevant, sales are what matter.