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Tesla is now the most valuable automaker in the world!


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https://www.cnet.com/roadshow/news/tesla-most-valuable-automaker-share-stock-price/?ftag=CAD-03-10abf2b

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Move over, Toyota, because Tesla is now the most valuable automaker in the world.

That's correct, a startup electric carmaker that's only just this year started to turn a regular profit is worth more than Toyota, VolkswagenGroup, Honda and Daimler, with a market cap valued at about $185 billion. In fact, Tesla is now worth more than General Motors, Fordand Fiat Chrysler Automobiles combined.

 

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I think that Tesla has more potential than the established car makers. With a direct sales strategy, a solid lead in battery technology, and relatively low overhead, if I had to bet on one car brand making a lot more money in a few years than it's currently making now, I think Tesla is a reasonable bet. That's essentially what the stock market is indicating with this.

 

In terms of absolutes though, yeah, it seems pretty stupid that a company that sold 360k cars last year is worth more than a company that sold 10 million.

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6 minutes ago, LazyPiranha said:

Anyone with a decent background in physics that could explain to me how a battery could possibly hold that much charge?

Not in a single charge, but over its lifetime, which is 2-3x longer than current batteries, which is a huge deal.  Current batteries degrade pretty heavily something like 10% a year based on the average recharging cycles, this battery they're claiming will stay at 95% capacity even after thousands of charge cycles, which would be a massive leap.

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31 minutes ago, PaladinSolo said:

Its not their cars, rumors have been circulating for a while they have a battery that will last 1 million miles in the works, which has millions of applications besides cars, the whole car thing is to show off their real product which is batteries.

 

yeah the debate is are they a car company with interesting tech or are they a tech company that happens to make cars. If they are just a car company they are way overvalued if they are a tech company then it might not be far off the mark. 

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32 minutes ago, PaladinSolo said:

Its not their cars, rumors have been circulating for a while they have a battery that will last 1 million miles in the works, which has millions of applications besides cars, the whole car thing is to show off their real product which is batteries.

The million mile battery was designed by China CATL and they contracted for 2 years to provide Tesla the batteries.

 

https://www.scmp.com/tech/big-tech/article/3087952/million-mile-battery-china-could-power-your-electric-car

https://www.bloomberg.com/news/articles/2020-06-07/a-million-mile-battery-from-china-could-power-your-electric-car?sref=iAWraYPK

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9 hours ago, SimpleG said:

So it's exactly like the Boring Company when Musk said he was going to revolutionize tunneling, and then just bought a used Chinese boring machine

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