PebHmong Discussion Forum
General Category => General Discussion => Topic started by: theking on January 08, 2020, 11:22:32 PM
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...touch Toyota:
"Telsa Motors is now the most valuable American car company. It's also the least profitable. The stock price of Elon Musk's electric car company has more than doubled in the past year, exceeding even the tech entrepreneur's heady target of $420 a share in 2018 and recently approaching $500 a share. That's pushed up the company's stock market capitalization —roughly what it would cost an acquirer to buy all 180 million outstanding shares — to $89 billion. Add in Tesla's stock options for employees and others and the company's total market value is nearly $100 billion.
That's more than the market cap of both General Motors and Ford — combined. It's also more than Ford's peak market value of $78 billion back in 1998, the previous high for U.S. car manufacturers, according to the Wall Street Journal. (Tesla still is worth less than half of Japan's Toyota Motor Corp., whose market cap tops $200 billion.)"
(https://cbsnews2.cbsistatic.com/hub/i/2020/01/08/3d6a69e0-a373-432f-92ef-cc13ca46201e/e38d2eded53d39e1c5478f5bc8e6b554/dw-wheels-of-fortune.png)
(https://cdn.carbuzz.com/gallery-images/2020-tesla-roadster-front-view-driving-carbuzz-523781-840x560.jpg)
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I just find it funny that a few months ago everybody and the media was saying that Tesla was going to tank and file for bankrupt. What the media doesn't tell you is that Tesla has a lot of patent work that they sell to China and other country and auto manufactures. I just feel sorry for the fools who sold their Tesla stocks ;D