Tesla Now the Most Valuable Car Company in the USA

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lsayre
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Post By: lsayre » Wed. Apr. 05, 2017 3:54 am

The stock valuation of Tesla now exceeds the stock valuations of Ford and GM, making Tesla the largest automobile company in the USA.

It's not easy to come up with sales figures for Tesla, but it appears that Ford annually sells about 2 million cars and trucks worldwide, and Tesla's annual sales are somewhere around 46,000.

The LA Times reported that Tesla gets $4.9 billion dollars in government subsidy grants annually.


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Post By: windyhill4.2 » Wed. Apr. 05, 2017 6:04 am

lsayre wrote:
The LA Times reported that Tesla gets $4.9 billion dollars in government subsidy grants annually.
$4.9 billion annually !!!!!!!!!!!!!!!!!!!!!!!

How many donors (taxpayers) are getting their paid for car annually ?

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Post By: coaledsweat » Wed. Apr. 05, 2017 7:11 am

No pension liabilities.

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Post By: lsayre » Wed. Apr. 05, 2017 7:53 am

No sales, no pensions, no union, no profits, massive subsidization, ... The modern corporate road to success. The new Robber Barons know who to rob. And they know how to get the government to facilitate the robbery.

But in the end it's all good, because the 1% gets a chance to have a really cool techno-car.

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Post By: davidmcbeth3 » Wed. Apr. 05, 2017 10:09 am

lsayre wrote:No sales, no pensions, no union, no profits, massive subsidization, ... The modern corporate road to success. The new Robber Barons know who to rob. And they know how to get the government to facilitate the robbery.

But in the end it's all good, because the 1% gets a chance to have a really cool techno-car.
Tesla? Stock price? LOL

A prime example of how the stock market, real as it is to your pocketbook, is a greed v. fear place. I like it,

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Post By: lsayre » Wed. Apr. 05, 2017 3:12 pm

In similar (albeit unrelated) news, Amazon.com is now worth twice as much as Wal Mart. The next NASDAQ bubble in the making? A replay of 2000-2001?

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Post By: coalnewbie » Wed. Apr. 05, 2017 3:32 pm

But GM has a line of 5 super luxury trucks according to the TV. That in itself has got to be worth $5 or so. Of course, according to all the surveys no one can afford to buy them but that is a detail.

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Post By: top top » Wed. Apr. 05, 2017 4:59 pm

To be fair, Tesla doesn't WANT to accept subsidies. The Devil made him do it.

http://www.breitbart.com/tech/2017/04/04/steele-elon-musk-doesnt-want-government-subsidies-lets-give-him-his-wish/


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Post By: Hambden Bob » Wed. Apr. 05, 2017 6:52 pm

Nikola Tesla's got to be rollin' over in his grave.....

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Post By: lsayre » Wed. May. 03, 2017 6:14 pm

Update: Tesla lost $13,000 on every car it sold in the last quarter.

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Post By: Richard S. » Wed. May. 03, 2017 8:21 pm

top top wrote:To be fair, Tesla doesn't WANT to accept subsidies. The Devil made him do it.

http://www.breitbart.com/tech/2017/04/04/steele-elon-musk-doesnt-want-government-subsidies-lets-give-him-his-wish/
What he says there is he doesn't want them for the cars because it would give him a competitive advantage over other electric vehicles which actually does make sense. However he would lose an edge against conventional vehicles, how much that would harm sales is debatable because people don't buy Tesla's to save money...

That said the bulk of his government subsidies is from solar, the bulk of the panels his company has installed are Chinese made. We have effectively subsidized Chinese manufacturers ..... <sigh>

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Post By: coaledsweat » Mon. Jun. 12, 2017 5:57 pm

The most valuble car company is in the hole $5 billion.

https://www.rt.com/business/391433-elon-musk-tesla-shares/

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Post By: lsayre » Mon. Jun. 12, 2017 7:02 pm

Ever heard of "Too big to fail!"? The taxpayers will bail him out. Let's not forget that he still needs to colonize mars on the backs of the taxpayers also. A nation must have its priorities. Gotta love the socialist business model. Sure beats the old way of making things that people want at a price which they can afford, and not winding up with sufficient left over to colonize mars with.

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Post By: lsayre » Wed. Jun. 14, 2017 6:09 am

A different way of looking at Tesla's stock valuation:

Market cap (the sum total of the current value of all stock certificates issued) divided by the number of vehicles sold in 2016
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Tesla = $800,944

Ford = $6,647

GM = $5,140

So stockholders believe that Tesla's true worth on a per stock share basis is rapidly approaching a billion dollars for every car it produces. Simply amazing. Should I mention that Tesla is currently reporting $$ losses of roughly $600 million per quarter? Roughly $30,000 for every car it sells, when annualized.

http://www.zerohedge.com/news/2017-06-13/heres-real-reason-tesla-makes-no-money

Edit: Correcting my first post in this thread, Ford actually sells about 2.2 million cars per year. Not 2.0 million as originally reported.

Edit, Edit: And in other news, as I'm typing this, that purely figment of the imagination nothingness referred to as a "Bitcoin" is currently valued at $2,774.14 per each imaginary unit.

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Post By: lsayre » Fri. Jul. 07, 2017 6:33 am

The news for the day is that Tesla car sales are declining. Down 24% in California, it's largest single market.

http://www.zerohedge.com/news/2017-07-06/tesla-registrations-plunge-24-california-its-largest-market


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