It passed Volkeswagen (Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda ) and is now the second largest automaker in the world by market value.
Only Toyota now is worth more
Only Toyota now is worth more
-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
Tesla is now the second most valuable automaker in the word
- Thread starter SRO7
- Start date
- Status
Elon sucks, Teslas run into walls, stock is a meme.
There. Now we can talk about other things in this thread.
There. Now we can talk about other things in this thread.
Results are Jan 29th. Though for a growing company I don't expect them to have large stashes of cash on hand. In fact, I would hope they don't. Though previous data is easily found here:
Having not followed anything Tesla related, is there a reason for this or is Tesla just stupidly overvalued right now?
Story is paywalled so I can't see if it explains.
Story is paywalled so I can't see if it explains.
I thought the reason is more on the technology side of things and not the car side of things, or does this new valuation break out the car manufacturing portion of the company somehow?
Tesla cars are selling incredibly well. They just had a successful launch in China. They are winning lawsuits to be able to sell in states previously blocked. They're about to release a small SUV (likely earlier than projected). Their battery and solar work is looking promising. Competitors can't seem to keep up yet.
Model 3 product problems have been fixed and sales have sky rocketed with no real sign of slowing down, model Y is ahead of production targets and several have been seen in the wild, Gigafactory Shanghai built in record time, rumors of a revolutionary new battery coming this year, and other stuff I don't know about.
Still only worth 10% as much as the most valuable auto maker
/cdn.vox-cdn.com/uploads/chorus_image/image/46339310/png_base64393abaebbf084743.0.0.png)
I don't want Google or Amazon anywhere near my cars personally.
VW seems kinda underrated when they just announced they'll invest 60 billion into electric car production within the next 4 years.
They also are on the verge of bombing:
Still only worth 10% as much as the most valuable auto maker
Lol
Google's been pushing Android as an OS for cars for a while now. I wouldn't be surprised if you see some automakers use it in some capacity.
AWS will probably be the back end of future car infotainment systems.
I'm not sure how you came to that conclusion.
The state of Niedersachsen has a 20% stake in VAG which makes them way too big to fail.
Think what you will of Elon Musk but this company is shaking up the car market for the better and Tesla has a lot of things going good for it right now (other than the stock going up) and competitors are gonna have a real bad time trying top catch up, if they ever even are able to, considering the investment it is gonna take. I wouldn't be surprised if one or two of the bigger car manufactures are gone in 10 years.
With the Shanghai factory up and running (not yet at full capaticity though) and another factory being built in Europe as we speak, I can only see this company getting bigger and bigger.
Tesla as a clean energy company is probably going to takeoff in the coming years, they have some very smart solutions to very real problems that entire countries are facing right now and they only keep adding technologies to their portfolio by purchasing other clean energy solution companies.
With the Shanghai factory up and running (not yet at full capaticity though) and another factory being built in Europe as we speak, I can only see this company getting bigger and bigger.
Tesla as a clean energy company is probably going to takeoff in the coming years, they have some very smart solutions to very real problems that entire countries are facing right now and they only keep adding technologies to their portfolio by purchasing other clean energy solution companies.
Eh there's lots of doom and gloom but they're still on a pretty good way.
If they get production on schedule they'll produce 500k ID3 (their first sub 30k EV) until late 2021. IIRC they're planning to have 70 EV models on market by 2027.
BMW or Daimler are in a way worse situation.
This is also true. VW is too big to fall. No german goverment will let 650k people get unemployed
Did you watch the video? I don't think they'll fail, but I could see them falling behind significantly.
I do agree VW has the best chance after Tesla. Their van redux looks sweet.
- Status