Tesla is now most valuable auto maker in US

[IsaacNewton]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

 

[OldLady]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Huh. Never heard of them. Up here everyone is driving a Subaru or a Ford truck.

 

[IsaacNewton]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Huh. Never heard of them. Up here everyone is driving a Subaru or a Ford truck.

You've never heard of Tesla? Turn the rabbit ear antennae 90 degrees to the west. By the way I have an old tv in the garage that uses those old style rabbit ears after everything went digital in 2009. It looks just like the whole tv experience looked when I was a kid visiting my grandfather. He actually had a rabbit ears that would rotate with the push of a button to get best reception on whatever channel you wanted to watch.

This car company was founded in 2003 and has already overtaken GM. Note.

 

[HereWeGoAgain]

I dont see how thats possible when I might see a Tesla once a week if that.
They sold 76k cars in 2016 vs say GM who sold 3.1 million.

 

[CrusaderFrank]

Lol what a joke

 

[martybegan]

I dont see how thats possible when I might see a Tesla once a week if that.
They sold 76k cars 2016 vs say GM who sold 3.1 million.

A lot of it is speculation valuation due to perceptions that electric cars are the "Wave of the future". The actual current net worth is based on tangible assets, short term sales, and overall stability is probably far less than any major auto manufacturer.

 

[martybegan]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

The fine print from your article.

esla loses money, and it sells a small fraction of the cars of its much older competitors. Tesla sold about 25,000 of its Model S and Model X cars in the first three months of the year, compared with 690,000 cars and trucks for GM and 617,000 for Ford.

Rebecca Lindland, executive analyst at Kelley Blue Book, says Tesla is being treated differently than other carmakers. "They're classified as a tech company," she told CNNMoney, "so they're not really held to the same standards."

She adds that while Wall Street focuses on more traditional criteria -- like profitability -- for established companies like Ford and GM, "Tesla kind of gets a free pass."

So the valuation is not held to the same standards as the major manufacturers. Where is the direct comparison?

As I stated in another post, most of that valuation is probably due to speculation investments in the company, which doesn't give an indication of the companies current fiscal strength.

The Major auto companies valuation is a hard one, based on assets and short term sales numbers. Tesla's is based on maybe electric cars becoming the norm sometime in the next 2-3 decades.

 

[SYTFE]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Huh. Never heard of them. Up here everyone is driving a Subaru or a Ford truck.

 

[IsaacNewton]

Hilarious to see conservatives show up to wail against an American success story isn't it?

Who thinks like that?

 

[HereWeGoAgain]

Hilarious to see conservatives show up to wail against an American success story isn't it?

Who thinks like that?

Who's wailing?

 

[martybegan]

Hilarious to see conservatives show up to wail against an American success story isn't it?

Who thinks like that?

it's not about being against Tesla, it's against people like you using vague and shitty metrics to falsely imply a level of comparison that simply isn't there.

That company is doing it the proper way, start with a high end product and gradually improve manufacturing to reduce the costs to more mainstream levels.

Again, no issue with Tesla, just an issue with the fan boi reporting.

 

[IsaacNewton]

Hilarious to see conservatives show up to wail against an American success story isn't it?

Who thinks like that?

it's not about being against Tesla, it's against people like you using vague and shitty metrics to falsely imply a level of comparison that simply isn't there.

That company is doing it the proper way, start with a high end product and gradually improve manufacturing to reduce the costs to more mainstream levels.

Again, no issue with Tesla, just an issue with the fan boi reporting.

Well you need to find the reporters that are reporting it and wail at them. I'll never understand why anyone cheers for American companies to fail. Other than JP Morgan or AIG, who deserved it.

Just smile and say "good for Tesla, keep on going".

 

[martybegan]

Hilarious to see conservatives show up to wail against an American success story isn't it?

Who thinks like that?

it's not about being against Tesla, it's against people like you using vague and shitty metrics to falsely imply a level of comparison that simply isn't there.

That company is doing it the proper way, start with a high end product and gradually improve manufacturing to reduce the costs to more mainstream levels.

Again, no issue with Tesla, just an issue with the fan boi reporting.

Well you need to find the reporters that are reporting it and wail at them. I'll never understand why anyone cheers for American companies to fail. Other than JP Morgan or AIG, who deserved it.

Just smile and say "good for Tesla, keep on going".

Or we can critique the people posting said information who do so without actually reading and understanding what they are posting....

 

[Toddsterpatriot]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Elon Musk is a great African-American.

 

[Wyatt earp]

Hilarious to see conservatives show up to wail against an American success story isn't it?

Who thinks like that?

Some one who thinks 25,000 cars a year stacks up to Ford, GM or Toyota


.

 

[saveliberty]

If you judge anything in economic terms by a stock value, you're going to be disappointed most times.

 

[CultureCitizen]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

The fine print from your article.

esla loses money, and it sells a small fraction of the cars of its much older competitors. Tesla sold about 25,000 of its Model S and Model X cars in the first three months of the year, compared with 690,000 cars and trucks for GM and 617,000 for Ford.

Rebecca Lindland, executive analyst at Kelley Blue Book, says Tesla is being treated differently than other carmakers. "They're classified as a tech company," she told CNNMoney, "so they're not really held to the same standards."

She adds that while Wall Street focuses on more traditional criteria -- like profitability -- for established companies like Ford and GM, "Tesla kind of gets a free pass."

So the valuation is not held to the same standards as the major manufacturers. Where is the direct comparison?

As I stated in another post, most of that valuation is probably due to speculation investments in the company, which doesn't give an indication of the companies current fiscal strength.

The Major auto companies valuation is a hard one, based on assets and short term sales numbers. Tesla's is based on maybe electric cars becoming the norm sometime in the next 2-3 decades.

Hard numbers : Tesla's sales were above 7b in 2016. It seems peanuts compared to GM 166b... until you notice Tesla's sales are doubling every two years. That still means the time in which Tesla's revenues match GM's are ten years in the future.

 

[saveliberty]

Hard numbers : Tesla's sales were above 7b in 2016. It seems peanuts compared to GM 166b... until you notice Tesla's sales are doubling every two years. That still means the time in which Tesla's revenues match GM's are ten years in the future.

So by all means over pay for stock ten years too early.

 

[SYTFE]

The fact is that NO ONE is on the same level as Elon Musk and Tesla in terms of being an innovator and being so forward thinking. Dude is light years ahead of the gas guzzlers.

 

[HereWeGoAgain]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

The fine print from your article.

esla loses money, and it sells a small fraction of the cars of its much older competitors. Tesla sold about 25,000 of its Model S and Model X cars in the first three months of the year, compared with 690,000 cars and trucks for GM and 617,000 for Ford.

Rebecca Lindland, executive analyst at Kelley Blue Book, says Tesla is being treated differently than other carmakers. "They're classified as a tech company," she told CNNMoney, "so they're not really held to the same standards."

She adds that while Wall Street focuses on more traditional criteria -- like profitability -- for established companies like Ford and GM, "Tesla kind of gets a free pass."

So the valuation is not held to the same standards as the major manufacturers. Where is the direct comparison?

As I stated in another post, most of that valuation is probably due to speculation investments in the company, which doesn't give an indication of the companies current fiscal strength.

The Major auto companies valuation is a hard one, based on assets and short term sales numbers. Tesla's is based on maybe electric cars becoming the norm sometime in the next 2-3 decades.

Hard numbers : Tesla's sales were above 7b in 2016. It seems peanuts compared to GM 166b... until you notice Tesla's sales are doubling every two years. That still means the time in which Tesla's revenues match GM's are ten years in the future.

And thats assuming Tesla continues on its current path.
There are a lot of people,myself included,who would never buy electric for a multitude of reasons.