A January headline declared that, "Tesla Is the Most Valuable Car Company in America Ever." Really? Yes. Bigger than Ford at its peak value in 1999, which was $81 billion. Its January market valuation was nearly $83 billion.
According to that Barron's article, "Elon Musk’s feat is impressive. He built a car company from scratch this century, and it is now worth more than any of the so-called Detroit-three auto makers at any point in history."
It does not make the number of vehicles that, say, Ford does. Last year Ford sold well over a million vehicles while Tesla sold just 367,500 vehicles, and Toyota delivered 2 million just in North America. So it's not enormous production which drives this super high valuation.
Now in February its valuation seems to be rising again.
(cont'd tomorrow)
No comments:
Post a Comment