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Campfire Ranger
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Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
You know the market is messed up when Tesla is bigger than GM and Ford. SAN FRANCISCO For the first time in the era of the modern automobile, the most valuable U.S. car maker is not based in Detroit.
Silicon Valley's Tesla Inc (TSLA.O) overtook General Motors (GM.N) on Monday to become the U.S. car maker with the largest market capitalization as the century-old automobile industry increases its reliance on software and cutting-edge energy technology.
That milestone is likely to be on the minds of Tesla Chief Executive Elon Musk and GM Chief Executive Mary Barra as they and other CEOs visit the White House on Tuesday to discuss tax reform and infrastructure with President Donald Trump.
Helped by an analyst's recommendation, Tesla rose 3.26 percent to a record high of $312.39 on Monday. Its market value of $50.887 billion exceeded GM's by about $1 million.
"Hey jackass, get your government off my freedom."
MOLON LABE
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Campfire Tracker
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Campfire Tracker
Joined: Mar 2007
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There are several Teslas running around in Jackson Hole. They're good looking cars and the performance specs are pretty impressive. I don't know about actual real world battery life and maintenance costs, but they seem to be getting better all the time.
I don't think the whole electric car thing is for me, but for a large portion of the population, I think they make an awful lot of sense.
Stupidity is expensive
If you find yourself in a fair fight, your tactics suck!
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Joined: Mar 2010
Posts: 1,810
Campfire Regular
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Campfire Regular
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A bunch of people investing money hoping to get rich. I would guess that they have not sold a billion dollars worth of cars total.So now they are worth 50 billion? ED K
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Joined: Mar 2005
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Campfire Ranger
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Campfire Ranger
Joined: Mar 2005
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Although Tesla probably has a future in the auto industry, they are one of the shining examples of an incredibly oversold market..........
Casey
Casey
Not being married to any particular political party sure makes it a lot easier to look at the world more objectively...
Having said that, MAGA.
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Campfire Ranger
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Campfire Ranger
Joined: May 2008
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A bunch of people investing money hoping to get rich. I would guess that they have not sold a billion dollars worth of cars total.So now they are worth 50 billion? ED K At $100,000+ per vehicle they don't have to sell as many cars to reach 1 billion dollars sold. Besides they're not as worried about selling cars as they are getting capital contributions from Google and all the Silicon Valley techies. Investors are tripping over themselves for the privilege of giving Tesla money in order to brag to their liberal buddies about their contribution to a greener world.
�Politicians are the lowest form of life on earth. Liberal Democrats are the lowest form of politician.� �General George S. Patton, Jr.
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~Molɔ̀ːn Labé Skýla~
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,693 |
Tesla was not a bad place to put money into. Probably still isn't.
Conduct is the best proof of character.
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Posts: 42,614
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jun 2003
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I'd rather smack a body appendage on an anvil with a ball-peen hammer than own a Tesla or any of the other "hybrid feel good" tree hugger cars
A good principle to guide me through life: “This is all I have come to expect, standard lackluster performance. Trust nothing, believe no one and realize it will only get worse…”
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Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,609 |
You know the market is messed up when Tesla is bigger than GM and Ford. Tesla isn't. Not even close. Look at the numbers of cars Ford & GM make, vs Tesla. It was a market percentage comparison.
Molɔ̀ːn Labé Skýla!
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2001
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Great for golf cart like trips, but until they can run out 400 miles and return without refueling I'll stick with my 350 crew cab diesel.
As the technology and market advances, one can bet all the makers will be in.
1Minute
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Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2006
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Tesla markets direct, without dealerships. In some states, car companies have managed to get laws passed outlawing direct sales of new cars. Tesla can't sell in those states.
“In a time of deceit telling the truth is a revolutionary act.”
― George Orwell
It's not over when you lose. It's over when you quit.
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Joined: May 2008
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Campfire Ranger
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Campfire Ranger
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Great for golf cart like trips, but until they can run out 400 miles and return without refueling I'll stick with my 350 crew cab diesel.
As the technology and market advances, one can bet all the makers will be in. I think they're close to that benchmark, 300+ mile range. Even if they did 600 miles without charging I'd still take the diesel. How else does one get the sweet smell of diesel exhaust otherwise? Not to mention that a tow bar isn't standard on a Tesla. 😬
�Politicians are the lowest form of life on earth. Liberal Democrats are the lowest form of politician.� �General George S. Patton, Jr.
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~Molɔ̀ːn Labé Skýla~
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Always looking for a good investment, so I checked out Tesla. The PE is -64.61. Lotsa P and no E. No thanks  kd
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Campfire Tracker
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Campfire Tracker
Joined: Sep 2010
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I don't think you can go from Seattle to Spokane without stopping in Ritzville to recharge.
I'd rather die in a BAD gunfight than a GOOD nursing home.
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Joined: Nov 2008
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Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
Tesla isn't.
Not even close.
Look at the numbers of cars Ford & GM make, vs Tesla.
It was a market percentage comparison. My point is that it's market capitalization is bigger. Market capitalization being outstanding stock shares times the stock price. In other words, the stock market has it valued higher than GM and Ford, even though they have no where near the sales volume. That's why I said the market was messed up.
"Hey jackass, get your government off my freedom."
MOLON LABE
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Joined: Nov 2008
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Campfire Ranger
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Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
The stock market has both Tesla and GM "valued" at about $51 Billion.
In the trailing 12 months, this is what the company sales revenue was:
GM- $166 Billion
Tesla- $7 Billion
In the trailing 12 months, this is what the gross profits was:
GM- $21.4 Billion
Tesla- $1.6 Billion
Last edited by OutlawPatriot; 04/12/17.
"Hey jackass, get your government off my freedom."
MOLON LABE
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Campfire Regular
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Campfire Regular
Joined: Jan 2002
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No use for a Tesla. With my pickup, I can hook up a pretty good size trailer and head down the road. When I get low enough on gas, I can pull into a gas station and "recharge" the gas tank in about 15 minutes.
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,693 |
Tesla markets direct, without dealerships. In some states, car companies have managed to get laws passed outlawing direct sales of new cars. Tesla can't sell in those states. They are in the throes of building a dealership twenty or so miles from here so Texas is not one. I see a bunch of them around here.
Conduct is the best proof of character.
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Joined: Nov 2002
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,693 |
Always looking for a good investment, so I checked out Tesla. The PE is -64.61. Lotsa P and no E. No thanks kd A day late...
Conduct is the best proof of character.
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