Tesla overtakes Volkswagen as value hits $100bn
Discussion
article said:
Tesla has displaced Volkswagen as the world's second most valuable carmaker, after a dramatic rise in share price pushed its market value to more than $100bn (£76.1bn).
Tesla's share price has more than doubled since October, when the firm reported a rare quarterly profit.
Shares rose 4% on Wednesday, making its valuation second only to Toyota.
...
Some analysts say the rise in price reflects Tesla's performance in recent months, during which it has opened a factory in Shanghai and met its production goals.
This month, Tesla said it had delivered more than 367,500 cars last year - up 50% from 2018. Investors expect the new factory to act as a springboard that will allow it to capture more of the Chinese market.
Source: https://www.bbc.co.uk/news/business-51214824Tesla's share price has more than doubled since October, when the firm reported a rare quarterly profit.
Shares rose 4% on Wednesday, making its valuation second only to Toyota.
...
Some analysts say the rise in price reflects Tesla's performance in recent months, during which it has opened a factory in Shanghai and met its production goals.
This month, Tesla said it had delivered more than 367,500 cars last year - up 50% from 2018. Investors expect the new factory to act as a springboard that will allow it to capture more of the Chinese market.
Still quite a way to catch up to Toyota but over double the value of established players like Honda, BMW and even GM.
moonigan said:
Tesla sold 367,500 cars last year and VW sold 11,000,000. That 30 VWs for every Tesla yet Tesla are valued at £20+ billion more. 
I'm guessing this valuation is based on what they might sell rather than what they have sold.
I would suspect it’s based on the potential of the company. I wonder when Tesla will scrap making cars, and just make batteries for companies, and support the changing network. I'm guessing this valuation is based on what they might sell rather than what they have sold.moonigan said:
Tesla sold 367,500 cars last year and VW sold 11,000,000. That 30 VWs for every Tesla yet Tesla are valued at £20+ billion more. I'm guessing this valuation is based on what they might sell in the future rather than what they have sold.
Let’s put this into context. I'm guessing this valuation is based on what they might sell in the future rather than what they have sold.In the last two years Apple shares have doubled in value.
Doubled !
Even when everyone else was saying they were over valued and without Jobs etc etc etc
Tesla is very predicated on the future. As for the brand, it’s a great aspirational brand, with plenty of people wanting one, who simply don’t want a VW.
Whether they can monetize that brand is the trick. Arguments rage.
voyds9 said:
So a company that has never made an annual profit is worth $100BN
Strange world business so companies continually make a loss and go bankrupt
Others become billionaire household names
It's not strange at all if you are building production facilities/factories, and growing your line up at a large rate.Strange world business so companies continually make a loss and go bankrupt
Others become billionaire household names
They have only recent started to produce a car that can be sold in volume.
hyphen said:
article said:
Some analysts say...
And the rest of the analysts say that Tesla have made progress but at that price today your having a laugh?Bitcoin price was once £16k...
Edited by EarlofDrift on Friday 24th January 01:56
moonigan said:
Tesla sold 367,500 cars last year and VW sold 11,000,000. That 30 VWs for every Tesla yet Tesla are valued at £20+ billion more. I'm guessing this valuation is based on what they might sell in the future rather than what they have sold.
Dragons Den taught me you can't do that!!!!!! I'm guessing this valuation is based on what they might sell in the future rather than what they have sold.EarlofDrift said:
hyphen said:
article said:
Some analysts say...
And the rest of the analysts say that Tesla have made progress but at that price today your having a laugh?Bitcoin price was once £16k...
Edited by EarlofDrift on Friday 24th January 01:56
Mojooo said:
moonigan said:
Tesla sold 367,500 cars last year and VW sold 11,000,000. That 30 VWs for every Tesla yet Tesla are valued at £20+ billion more. I'm guessing this valuation is based on what they might sell in the future rather than what they have sold.
Dragons Den taught me you can't do that!!!!!! I'm guessing this valuation is based on what they might sell in the future rather than what they have sold.
PushedDover said:
John145 said:
Evidence if it was required that this is a massive bubble!
The amount of staff, facilities, stock that VWAG has compared to Tesla simply does not compare. What does Tesla really have other than a brand?
Less baggage and legacy issues to deal with in due courseThe amount of staff, facilities, stock that VWAG has compared to Tesla simply does not compare. What does Tesla really have other than a brand?
Pretty big debt pile as well.
London424 said:
PushedDover said:
John145 said:
Evidence if it was required that this is a massive bubble!
The amount of staff, facilities, stock that VWAG has compared to Tesla simply does not compare. What does Tesla really have other than a brand?
Less baggage and legacy issues to deal with in due courseThe amount of staff, facilities, stock that VWAG has compared to Tesla simply does not compare. What does Tesla really have other than a brand?
Pretty big debt pile as well.
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