The 6th largest company in the world by market capitalization of 864 billion$ compared to Ford and GM at just over 50 billion$ each .

The Street.

Do you just regurgitate everything that pops up on your phone?

Yup.



#jimmyolsen


#🚂🚂TootToot

Ignore is so nice when you have a dedicated following of low IQ moths to the flame!

Laughing!

Careful laughing with your double mask on OldToot......

You need new material.
You’re boringly predictable.

Providing entertainment for low IQ is so easy and they come just as you know that they will while trying so hard to hide their shortcomings!

It’s a beautiful thing and public service.

Controlled and owned!

Tesla has been the biggest scam on Wall Street for years. Congratulations to the people who have made money on it but it's about 1,000% over priced.

“Low IQ”

I seem to remember that was a favorite of elktooter as well.

Here you go Toot:

With some serious competition cranking up from the Big3 and on top of that we now have China and India with their own national versions of EVs.

If you google " tesla market capitalization", it appears that the OP is right. You'll see dozens of charts that back it up. I don't know beans about big finance, though. I don't know what market capitalization means or how it's calculated.

If you sold all available shares at today's price, how much money is that.

Tesla's market cap is 1,500% that of GM and GM sells 700% more vehicles than Tesla.

That’s quite a perspective in differences of productivity.

The Big 3 have sometimes in the past been described as mere Social Institutions that happens to sell vehicles as a sideline.

If he had any education, he'd know where to put a dollar sign.

You risk being put into the low IQ howler bin with such pronouncements.

They damned sure did it without me.

I agree, but it has killed more bears than Davy Crockett.

My apologies RR. I was distracted while watching a satellite launch.

That's the thing about cult stocks. Either ride the wave and hope you get lucky, or just stay out of the way.

There was a time when pundits said, “ the market is open at 9:00am and closes later the same evening. Anytime in between is a good time to buy Microsoft “.

The "Big 3":

*Aren't: The top three automakers in the world are VW, Toyota and Renault, in that order.
*Their production is consistently shrinking year over year. (Tesla is growing at a consistent rate of about 50% per year for the last five years, and will be larger than Stellantis in about a year and a half).

Unless something very unusual happens to reverse the 40 year trend of the "big three" of declining unit sales, in today's hyper innovative environment, the best company to compare them to is Kodak. "Look at our pretty film and paper! What do you mean, digital?". Lights out in a decade.

On the other hand, Tesla is doubling it's production every 18 months in cars, and has industry leading position is battery storage (megapacks) and electric demand / supply management (via Autobidder).

If you don't think Tesla is worth it, it happens to be one of the most shorted stocks in the market. It's also the stock short sellers have lost more money on than any other.

Tesla is the big one to shoot at and emulate no doubt but the rest ain’t exactly sleeping.

About all of those companies you’ve mentioned have their own versions of EVs.

“The big 3” have historically enjoyed a significant amount of brand loyalty which ain’t nothin’.

Just like bars in a small town….there’s enough room for the ones operating successfully now. Tesla appeals to a certain subset of EV drivers while the “big 3” are marketed for the masses. If the B3 focus more on functional utility and practical applications, as they’ve done with internal combustion engines, they’ll continue to be successful, retain their customer loyalty and increase their brand recognition.

By last count, there are 86 companies currently producing EV's, several times more than ICE manufacturers, and the number is growing with new outfits coming out of the woodwork (Hello, Apple!).

The issue is not that the "big 3" are also producing EV's, the issue is that we are in one of those periods in history where innovation is occuring at an extremely rapid pace.

When ICE cars first became mainstream, in the WWI era, there were somewhere in the 2,000 different "car" brands on the market IN THE US. By the 30's that was down to 88, and by the end of the 60's, it was down to 18.

Will EV's be the new ICE? Will it be fuel cells? Apple mobile... ? (Please, God, No)

The big 3 most definitely have customer loyalty and "advantages"...... so did KODAK. With small niche outfits trying the very latest in technology at breakneck speed and behemoth's like Apple (Budget: larger than the country of Egypt) throwing R&D money around like they are in Congress.... those advantages may not be a significant factor in the outcome.

Read up on Tessla selling its excess carbon credits to the big 3 and Fiat. If it were not for those revenues it would be banko

No they wouldn't. (assuming you mean "bankrupt" and just don't write well).

Tesla has been reporting their revenue from regulatory credits as a distinct line for at least a couple of years. Their first profitable quarter excluding those was a year ago, and this past quarter they were down to 20% of profit.

Elon has done well for himself, He is not one of my favorite people but i admired i thrive for success.

And a dick in his mouth.

I saw a Rivian R1T yesterday. The first I have seen. A lot going on there it seems.

Nothing I cant stand more than some dude who thinks grammar on a bullshite forum needs to be graded like it is a high school essay. If you ever wrote one.

My experience is that people who become defensive over their poor command of one of the primary means of communication are also undisciplined slobs in most other parts of their lives.

For example, rather than learn to understand a 10-Q they weigh in with ignorant speculation about a business.

Look at their P/E RATIO compared to other auto manufacturers. Talk about a Bubble.

Rivian has some big players investing in them too.

A buddy of mine just bought a Rivian R1T. Pretty sharp truck.

Eat [bleep]

What is the appropriate P/E for a company with a 10 year track record of 60% revenue growth or more?

No idea. I guess it depends on what future earnings might be. Musk was talking layoffs a few short weeks ago because of an economic downturn. They also have much more competition then when they first started.

Exactly. You have no idea.

As far as Tesla struggling.... Tesla exceeded the one million cars per year "run rate" late last year. The numbers from last quarter show that they will beat a 2 million car a year "run rate" within a few months. They are ramping up both the Austin and Berlin factories this year, and are scouting for another factory "somewhere in North America" (rumors are rampant, my bet is Mexico).

Is there more competition, really, than before? Is Ford, or Volkswagen, going to make more cars than they made before? Or are they just going to make different cars. Does ANYONE believe that VW, GM, TOY or Stella is going to double their total sales in the next 5 or even 10 years? So, where is this "new" competition going to come from? Rivian? Fiskar? Geely? Nio?

Tesla will double again in 18 months. And that's just counting cars, not energy storage, or electricity brokerage.

Just this last quarter, the shorts lost a billion $ on TSLA.

Yes I think they will face more competition especially from lower priced competitors and there will be many more in the next few years. You left out Hyundai and Kia , I would be cautiously more optimistic with Tesla, they still have a very strong brand but there are people that simply cannot afford them and will buy from the competition.

Where are you getting these sales figures?

I had two different showings for warehouses last week where the people looking drove up in teslas. They were both people who I would never figure for an EV. Both say they love them. Both said they had at least one additional vehicle in their family that was a gasser. People are dang sure buying them around here.

How is this different from Bitcoin?

Boarmaster, there are so many of them down here it's not even funny. The people that drive them think they're some kind of status symbol. I... "disagree".