This forces liquidation which simultaneously changes the taxable value. By clicking Sign up, you agree to receive marketing emails from Insider At the Q4/2021 call, the company said they were currently constrained by chip shortage and could meet 1.4m in 2022. This cookie is set by GDPR Cookie Consent plugin. There will never be sufficient growth where it makes any sense to pay $332 for a $1 in earnings which isnt even real money. market cap 5 billion. ), Daimler, GM, BMW, Ford, Stellantis (includes FCA), Honda, and SAIC Motors (China): Teslas share price gain on Monday puffed up its market cap by $115 billion in just one day on news that it might sell $4.2 billion of low-margin rental cars to Hertz through 2022. No its total market cap. The cookie is used to store the user consent for the cookies in the category "Analytics". Most EVs do have some liquid cooling circuits for the battery and maybe the electric motor. Nobody wants them. It is one for the history books, or a Hollywood film. Even Cathie Woods is smart enough to be liquidating Tesla stock right now. But surprisingly, Tesla placed second with a 7.8-year average for its four currently available models. Inflation & Devaluation TSLA Sales arent affecting the General AutoMarket Shares in the BOS-WDC Corridor during the Autumn-Winter Months. Its as phony as a Mississippi stock certificate. BYDs market cap (converted to USD = $125 billion) is just shy of Volkswagens market cap. Taxing ONLY publicly traded Stocks, would capture a small portion of the wealth. Tesla now has a price-earnings ratio of 332, in an industry where PE ratios of 10 to 30 are typical in good years. Annual Sales ($ Billion) In this article we will do detailed Pestle analysis of Tesla in India. A million yuan? So Tesla is worth almost 90% of that bunch as well. Its a wildly over valued company, no question. Furthermore, when Tesla joins the S&P 500 on Monday, it will kick out an oil company, Occidental Petroleum. So no, you will not be responsible for disposing of the battery. A new battery pack after 300k miles seems like a fair bargain. Of public personalities of this era, I see parallels with Trump: a vast field of breathless fans, most of all, keeps the machine aloft. Pick up grandpa at the airport. Tesla is the biggest ponzi scheme in history. No clue! But Tesla is special, CEO Elon Musk walks on water, and nothing and no one can touch them, especially not regulators, who get routinely brushed off. Our Standards: The Thomson Reuters Trust Principles. What about Bonds? Which topics are covered by the "Chart of the Day"? Tesla added another $50 Billion just this morning. And hes not that funny. Interestingly whether intentional or by chance Tesla is being added to the S&P 500 on the shortest day of the year. Tesla has a market cap or net worth of $549.57 billion as of December 9, 2022, making it the 6th biggest public company in the US. Texas Will Have More Electricity From Renewables Than Natural Gas Next Year, Says EIA Report, Joe Bidens Executive Order on Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability, Floating Offshore Wind Lease Sale Lands $757 Million in Winning Bids, Equinor Secures First West Coast Offshore Wind Leases, New Clean Energy Workforce Training Program From Biden-Harris Admin, Dandelion Energy Ready To Expand Ground Source Heat Pumps. Tesla has a market cap or net worth of $567.83 billion as of December 8, 2022, making it the 6th biggest public company in the US. Rental cars are always financed in some way. daily and featuring the latest statistics from the media, I dont invest in individual stocks (almost never), so the stories never impact any action I take. Unless you believe they will get to real full self driving which I don't think is likely. These cookies will be stored in your browser only with your consent. Tesla is an electric car, battery storage, tunnel borer, and rocket developer all rolled into one. Kirk crying led me to wanting to tell him to man up. The real range is like going to work and back, plus round trip for lunch. With his Starship, I think hes bitten off more than he can chew with FAR more development challenges and risk than the Falcons. Elon can create a Spac and buy Tesla for 2 trillion. Give it up, those like the poster above dont want to understand math and economics. Or two trillion? and displayed without charge by all commercial and Back in January, Tesla took the crown of Most Valuable American Automaker with a market cap of $86.1 billion. The ritual of the oil change is part of mechanical engineering tradition. Musk sees far ahead of conventional makers. For one, Teslas market cap surpassed Exxons [NYSE: XOM] market cap earlier this year (and is now far, far higher). The new F150 can act a generator for your house; thats pretty handy in hurricane prone Florida (not to mention the dealer network). Elon is mulling over a dividend payable in bitcoins. Canada larger than the market cap of every automaker, except the three most valuable of them. Its a mad mad mad mad XXXL ClownWorld, courtesy of the Fed and Uncle Sam. See here for a complete list of exchanges and delays. Good luck competing with that other automakers. While Teslas valuation certainly is high, bullish investors argue that the company isnt valued as a car company, but rather as a technology company that happens to build cars. Here is a list of EV (electric vehicle) and ICE (internal combustion engine) automakers in the world and their market cap as of last close. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. MBLM researched 600 of the worlds leading brands, and Tesla placed second, right behind Disney. I could imagine this working well at start, the question is whether it stays a good idea. (body styles are now old) I have always felt that because of simplicity and synergies of design that Tesla would be valued higher as a software company and a seller of their high tech skate and battery platform. As this column points out, hype provides Tesla with much of its insane market cap. IMHO, Wolfs comment that it is nuts is an enormous understatement but in his defense, I do not think the english language has a word for it to express it any better. Tesla can grow alot more, meaning the stock could rise dramatically from here. Not quiet. Commercial Property or any other type of capital asset? The Model 3 starts at 1,759,000 in Thailand, which is the equivalent of about $50,000 USD and fairly competitive compared to other luxury EVs in the market. Cryptos Tesla =5.21% Got it. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. What about privately held companies? All quotes delayed a minimum of 15 minutes. You have NO idea what Hertz paid because you have no idea whats in the contract and how the Model 3s are equipped and if they come with FSD or other options. Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur, Volkswagen's Skoda considers withdrawing from China, Automobilwoche reports, Stellantis to indefinitely idle Illinois plant, cites EV costs, German economy ministry calls for joint EU response to U.S. inflation act, Trade panel sides with Mexico, Canada in auto rules dispute, Mexico says, GM CEO sees U.S. new-car sales rebounding in 2023, Nio to install 20 battery-swapping stations in EnBW charging parks, Gilles Michel to become Chairman of French car parts maker Valeo, Portuguese airline TAP running reduced service as two-day strike kicks off, India's retail vehicle sales jumps 26% in November - FADA, See here for a complete list of exchanges and delays. I thought they landed in a different county. Not to mention time savings. Jon Favreau, Don Cheadle, Morgan Freeman, Mark Ruffalo, and Mark Ruffalo, let us know if youd like to collaborate on that. The combined market cap of Tesla and newly listed startup Rivian are now roughly $1.1 trillion, which should be a huge wakeup call for Ford and General Motors, who now find themselves far behind in the electric vehicle race after spending most of the time on the sidelines as Tesla rose to prominence in the auto industry. Let that sink in for a moment. I think the problem most have with this is the mis-belief that no other company will be able to compete with Tesla in this space. In China they are here already, but the love affair of the Pickup in USA or Australia, from big to, Tesla has established an insurance business, and the value of insurance could be 5 times more than just selling the car by itself. He uses typical fear tactics to attack a rational policy. Market Capitalization measures the total value of a company based on their stock price multiplied by the shares outstanding. BYD sold over 70K NEV cars in the past month in China, alot more than Tesla. SEC enforcement chief applauds their billions in fines, but to what end? Legacy auto also have much larger debts than Tesla. Political factors Analysis. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries. Tesla is the most valuable automaker by far. Right on! See our, might sell $4.2 billion of low-margin rental cars to Hertz through 2022, Tesla Rental Deal is Propaganda Coup for Hertzs Selling Shareholders & for Tesla. Tesla has showrooms they call them stores all around the country where you can take a test ride. CleanTechnica Tested: The Generac G2000 Portable Power Station. And the computer tech is in their hands already. Perhaps he could specialize by offering oil filters and parts for vehicles not likely to disappear. Average Joe taxpayer is paying ridiculous subsidies to the worlds richest man and people that buy his expensive automobiles. Tesla =216.54 The content produced by this site is for entertainment purposes only. Just like casino tokens.. And now we know Hertz is trying to get Uber drivers to rent half of them. Tesla stock has a market cap greater than all other auto manufacturers including Toyota, VW, GM, and Ford. Zach is tryin' to help society help itself one word at a time. A risk I didnt mention which is a necessary part of his system: placing SO MUCH expensive launch and recovery related infrastructure within range of a catastrophic launch failure with kilotons of TNT explosive yield. Many owners report 1/4 the maintenance and fuel costs. I think they are comparing to Amazon(?) Of course not, you just sell it for more than you paid for it in 10 years, because depreciating assets have been changed into appreciating assets care of Weimar Boy Powell and his cabal of economic terrorists. I told him that EV cars must need parts too; he responded that his three best selling items are oil, oil filters, and radiator coolant none of which are used by an EV car. on Promo for Stock Market Literacy needs streamlining, on A leading government paints a picture of classic stagflation. Fate of Free Online Publishers: BuzzFeeds Existential Crisis after its SPAC Merger, New SPAC Stuff Keeps Imploding amid Shortage of Consensual Hallucination, as I Call it, But Now the Imploding is a Lot Faster, $1,768 a Month, with $10,407 Down, 5% APR, on a Ford Pickup? Aspects of Musk are good, but many are bad. Could they have solved the parachute re-entry prob? But when you look at markets like China and Europe, which have alot more competition in the BEV market, you see that Tesla market share is collapsing. All its US sales are now without federal incentives. Most forecast to grow 50% Year on Year for the next 5 years without major capital investment. Tesla (TSLA) - P/E ratio companies: 7,105 total market cap: $83.084 T Global ranking Ranking by countries Ranking by categories Tesla TSLA #7 Rank $557.02 B Marketcap USA Country $179.05 Share price 3.23% Change (1 day) -46.49% Change (1 year) Your comparison is like stating that Jupiter and an asteriod look a little the same since both circle the sun. They may have a lead on supply chain integration for battery production and some nice tech there, and the supercharger network is valuable, but otherwise they don't have a technical advantage that could justify their valuation. Total Other 13 =1,973,730. And with this market cap of $1.01 trillion, Tesla was worth as much as the next 10 most valuable global automakers combined: Toyota, BYD (China), Volkswagen (VW, Porsche, Audi, Skoda, Seat, etc. Average Other 13 =14.54 [Note: Volkswagen+Toyota +Daimler+BMW average =7.63], Employees But opting out of some of these cookies may affect your browsing experience. Im not sure how often youre supposed to change the coolant though. Then it went to 600. Hertz also will emerge with (i) a new $2.8 billion exit credit facility consisting of at least $1.3 billion of term loans and a revolving loan facility, and (ii) an approximately $7 billion of asset-backed vehicle financing facility, each on favorable terms. Tesla =9.75% This is of course the chip shortage doesnt cut into their production further. Next year itll probably be in the 100s. Honda Transportation. GM Tesla =70,757 They are quickly catching up though NIO and Xpeng are notable examples. Get quick analyses with our professional research service, Toplists & Rankings: Best Employers Portal. Despite Ford or GM delivering 3 times the number of vehicles, their margin per car is about 20% that of Tesla. WTH you talking about? Musk has had some ideas which were fairly easily proved by analysis to be bad ones that got so much attention because of Tesla and SpaceX. Daimler Tesla now has a Did they really make such a ridiculous forecast? Coming in December, Stock Market Literacy, The Bank of Canada report, as I would like to see it, The UK Prime Ministers resignation points to the need for an honest conversation about the role of the Bank of England. Thats stunning. I own a Tesla, and Ive owned the stock before. The tax is proposed to be on public investments, so its off the mark to discuss complications with other assets such as real estate, private business assets, etc. When the page is first displayed, you may see up to two other symbols already on the comparison page. You will end up with realized losses to amend past return and push forward toward future returns. Drive train intended to last 1 million miles. In China, the worlds largest car market, the big Chinese manufacturers are far ahead of Tesla. The company's flagship Model 3 Kam, Tesla has more room to grow; dinosaur car companies are laden with billions upon billions of liabilities (ie. Necessary cookies are absolutely essential for the website to function properly. Mazda Total Other 13 =894.25, Yes, the market cap of Tesla is now bigger than these 14 other major auto companies combined: the good old days NOT. Dividend? Are you game for the ride? Suborbital? We also use third-party cookies that help us analyze and understand how you use this website. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaao. Without production at Austin or Berlin. Apparently H is thinking of giving this to Kia, if it goes at all, fearing reputational damage to main brand. Of course, Musk promises and predictions are never far-fetched. This chart shows the market capitalization of publicly traded car manufacturers (as of September 1, 2020). Teslas total market cap = the top 10 auto makers total market cap. Teslas Rise: Heres a look at how Teslas market cap has compared to the big three U.S. automakers, GM, Ford and Fiat Chrysler, in the last three years. But he does not offer (explicitly or implicitly) investment advice of any sort. That being said, in California TSLAs Largest BEV Market in the USA Grid Sections still face Annual Brown/Blackouts, Forest Fire Disruptions, and weve recently added Battery Facility Fires to the Grid Disruption Causality List. low margin fleet sales? MG ZS EV vs. BYD Atto 3 Dual Owner Comparison! Theyve only just gotten 3 of them to work somewhat reliably on the last launch and I see the odds of cascading catastrophic failures among those 30 tightly packed engines to be high which will prevent both man-rating and low cost to orbit. The following table has been constructed from a variety of sources (Organisation Internationale des Constructeurs dAutomobiles), Statista, and Companies Market Cap. I sold it like an idiot in May 2020 :). non-commercial websites. Ahh, just wording. TSLA Sales vs. its Competitors Q3 2022 Comparing the results to its competitors, Tesla Inc reported Total Revenue increase in the 3 quarter 2022 by 55.95 % year on year. Click on the beer and iced-tea mug to find out how: Would you like to be notified via email when WOLF STREET publishes a new article? That doesnt fit will with Chinas communist philosophy. Lots of folks want to try out a Tesla but Tesla has no showrooms. Automakers need to do some serious navel-gazing about price levels and going upscale, if they want to sell more vehicles. With a market capitalization about $1 trillion dollars (in Nov 2021 but $0.8T in Feb 2022), is Tesla market cap too high? Neither Hertz nor Tesla are structured to where they can handle an big economic shock without government bailout. . The listing of assets is what they really fear, they will be hiding something dodgy, like the UK government officials bribes account, and suddenly this will become tax evasion! This is why Elon Musk was tweeting against it today. Why? Cars & Trucks Xpeng only sells 10K, but it is in massive factory expansion mode. Perception is everything.for a while. That is an unbelievable statistic to me. Tesla short sellers have reportedly lost more money shorting TSLA this year than the entire US airline industry lost as a result of the coronavirus pandemic. Youre refering to each companys market cap (including the smaller ones not on the list), not those 7 firms as a group. Looking at delivery/sales figures seemingly supports such claims. Recycling of auto parts is as old as the auto industry. We dont often cover the day-to-day or even month-to-month stock market frenzy, but there is no doubt that growth in Tesla [TSLA] market cap has been a stunning thing to witness in recent years, and especially in the past year. He came close during his last words in the final scene of one the most outstanding episodes, City on the Edge of Forever where he actually said something one didnt hear on 60s TV, the word hell when he said, Lets get the Hell out of here.. Access your favorite topics in a personalized feed while you're on the go. Tesla is 17th of the number of the manufacturers but 8th most profit. I remember when Tesla PE ratio was 1000. Tesla intends to open a fully operational new Gigafactory in Shanghai, China, next year, with a Gigafactory near Berlin to follow. Its a big profitable business. It will be interesting to see how it all shakes out. All Musk needs to do is increase earnings 10 fold and its 33 times. Time will tell how this plays out. His motors and batteries are best. But, theres no reason that the current big ones wont be able to switch over, just as easily as Tesla could build up. Directly accessible data for 170 industries from 50 countries JMO. Electric pickup trucks are coming. Average Other 13 =$2.46 [Note: Toyota is at $14.99], Net Income ($ Billion) Hertz out of BK bought by PE outfit that is WAY too smart to commit to buying 100K E cars without knowing how fast theyll rent. Is there a better argument against the proposed capital gains tax that would apply only to billionaires? Tesla owners can go anywhere in the USA with chargers on all major routes. Do Electric Vehicles Actually Cut Utility Costs? Hes probably not wealthy enough to take the SpaceX Dragon orbital trip or, at least, doesnt want to spend that kind of coin. Use is, however, only permitted with Tops. Tesla can expand 50% per year, others cannot. Imploded Stocks v. t. e. Tesla, Inc. ( / tsl / TESS-l or / tzl / TEZ-l) is an American electric vehicle and clean energy company based in Austin, Texas. Tesla designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Octo Browser. Tesla =302.83 Self driving cars could also lead to a reduction in demand for cars. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Considering Tesla has 2 new factories coming online basically now, and huge demand, I think its possible this happens. The No freaking way. But, the fact they actually ship cars, gives them more credibility. if it wasnt for the fed, everything would be functioning smoothly, get your food/ widgets in response to supply and demand. Whatever merit is there, at some point bubble dynamics appear and can take over. Its a mark to market tax, and it applies only to public investments with established market values. These will be the AirBNB of cars. Tesla has supply chain control unlike some other manufacturers.. More recently, the companys finances were rescued through a secondary market stock offering at insane bubble prices. Wait for it. SAIC has a much lower market cap (converted to USD = $34 billion) lower than Hondas. Tesla =0.69 As such, EVs still make a tiny fraction of overall light vehicle sales. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. proper attribution to Statista. Also once the tax is paid, the basis increases and also increases the probability that a loss in the future will be much higher (then they just carry the loss back 3 years) or the gains are much less. paradise lost. Wolf Tesla bulls would say that you are looking at the current state of affairs and that they are discounting the future sales. BYD is kind of a conglomerate. Elon though is not the entrepreneur I once thought he was. Other than the daily churning of shares, is there a buyer for all of Tesla at $1 Trillion valuation? They will have competition at some point and that competition will erode Teslas market share and share price over time. So we see EXACTLY what happens when Tesla gets real competition. The personality pushed techno change to its limits (even the shuttle was piggybacked on the 747 to get about), but the core business entity had the seeds of its own destruction sewn-in. They will charge a premium and people will line up. Shares of Tesla [ TSLA] jumped by 12.7%, to $1,024.86 on Monday, which pushed the companys market capitalization to $1.01 trillion. Brick & Mortar Great deal for all parties (stock holders of both companies, yuppies and young people wanting a test drive of these cars). But Rental Fleets Are Low-Quality Sales Automakers Dont Tout. Market Cap 567.83B Enterprise Value 550.27B 1-Year Change -46.24% Ranking # 6 Category Mega-Cap Stock Price $ 174.04 Market Cap Chart No chart data available Barnum is alive, well, and working hard(with a long-game personal view that is genius at harnessing the power of the sucker at a time when serious long-game views are not en vogue). The tax would apply only to gains accrued each year. New word: future. Alan Greenspan and Ben Bernanke are the parents of this trillion dollar bag of hot air by juicing the stock market so that the market cap wealth will never be delivered as real earnings. Figure TSLA will start to lose USA BEV Market Share gradually as VOW, Ford, gain theirs and CHNese start exporting to the USA. (Surprise Video), Flameproofing Lithium-Ion Batteries With Salt, EV Batteries Just Keep Getting Better & Better, U.S. See our Privacy Policy, Teslas Market Cap (Gigantic) v. Next 10 Automakers v. Teslas Global Market Share (Minuscule), Copyright 2011 - 2022 Wolf Street Corp. All Rights Reserved. The company's flagship Model 3 is the best-selling EV model in the United Tesla =$4.74 I dont have much confidence in the Chinese or Indian car markets, as its a financial disaster for them to have private cars. I have been consistently surprised at how high the prices go for no longer manufactured parts go for on Ebay. Nissan But its a round number, and well work with it. Musk and the people responsible to get him to where he is at now consistently reminds time and time again why I really want to unplug from this F up version of The Matrixor perhaps this is the best version we can hope for.. phoenix ikki, you just talk once in awhile. Recycling of laptop batteries has been done for years. Leading technology of electric drive including manufacturing technologies such as manufacture, software management provides a low cost model others are trying to do but with their extended supply and OEM chain will require billions of investment. After the vastly greater probs developing V2?,,,,yes, but they had other priorities. The saying goesDont test drive a Tesla unless you are prepared to buy it. I thought Captain Kirk is flying on Bezos starships. Hertz is dead in the water.have been for a while Tesla can reduce the price of Y and 3 by 25% and still make money on each car. These cookies ensure basic functionalities and security features of the website, anonymously. Tesla will have overall mainly good news for years to come (because its growing). This cookie is set by GDPR Cookie Consent plugin. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Someone recently dug up a lot of data to visualize top auto company market caps from 2006 to the end of November 2020. Teslas stock closed up 13%, its biggest one-day move since March 9, at a fresh record of $1,024.86. Tesla =32.23 This website uses cookies to improve your experience while you navigate through the website. It will not raise the money they are counting on so they have to keep dropping the threshold. That makes no sense. Most of their wealth is tied up in illiquid or semi-liquid assets. Some analysts suggest some of the $12,000 revenue margin to further increase returns and only 15% of existing customers currently buy it due to availability. People are buying less cars/trucks and the companies make money through the financing deals, I dont see how these stocks hold up to the growth targets in a lower vehicle sales environment, even with the EV revolution. Lastly, the Federal Government doesnt have a revenue problem, IT HAS A SPENDING PROBLEM. Fate irony, as Elon loves to tweet. Tesla surpassed a market value of $1 trillion on Monday, making it the fifth such firm to reach the milestone. BUT. Solar, wind, batteries, automonous driving, precision fermentation. It is now selling alot of the cars made in China into the European market, which is allowing it to sell all of the product made in Fremont into the US marketplace. Statista offers daily infographics about trending topics, covering:Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more. I wonder what Hertz creditors thought of the announcement ? There are no future fundamentals that justify TSLAs market cap. This is routine. I would not short until that bill is either passed and we for sure know the details, the bill fails, or the fed raises rates. THAT is immaterial. The electric car maker surpassed Fords 1999 market cap peak of $80.8 billion on Monday after beating GM and Chryslers highest valuations in the second half of 2019. I wouldnt say that there are far ahead. Their statement should be illegal its bullshit like this that ought to be outlawed, Hell, Wolf could do the same thing issue a press release saying he might buy 100,000 Teslas to build a rental fleet up, up and away. It vaults far beyond real world valuation metrics. or Art? When publishing one of these graphics, The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. $115 billion compared to the market cap of each automaker separately, not combined. In 2014 Musk targeted 500,000 sales in 2020. Another winner is selling bumper stickers I SOLD TSLA over $1000. And have avoided the stock markets for decades nothing more than gambling dens without the drinks and the eye-candy. on Using Analyst Upgrades and Price Target Increases to Seek Future Winners. Americas car market, because of urban sprawl, could easily exceed the value of all foreign car markets, because the utility of owning a car personally will be far higher. If charged with best practices, teslas can still be going strong on original pack after 300000 miles. Thanks. Fake it till you make it. When Will the Waves of Layoffs Loosen this Crazy Labor Market? Heck, Amazon, might not be like Amazon is now, in ~5-10 years. The electric vehicle maker landed its biggest-ever order from rental car company Hertz of 100,000 cars to be delivered by the end of next year. When taxing wealth, the cash doesnt necessarily exist to pay the tax. I think it is funny considering the situation: I imagine meeting after meeting with apoplectic white-coated gentlemen screaming and throwing chairs with the SS being increasingly frustrated from the lack of progress and from being unable to decide what lot to shoot to resolve the conflict because they are not the experts here. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. They cant even raise tax rates on those making more than $400k right now because of lobbying resistance. Tesla is NOT a business or company it is a meme, treating it like a company is madness, its a pyramid religion, i could easily see it quadrupling from here as it expands into areas no one would ever have believed, Tesla sunglasses anyone? This will never happen..but it had the effect. BMW in a good year sells around 2.5-3M vehicle globally. 333 times earnings profitable? AS you know, Thiel is the one who claims to have legally amassed $5 billion in an IRA having a contribution limit of $6,000 per year. California Daydreamin The political environment in India is very stable, and there is a strong investment climate. Or simply make the Capital Gains take effective ONLY for newly issued Stock purchase and not purchases in the secondary markets. A long time ago they were a book seller and everybody said there arent enough books to sell to justify the stock price. Its incomprehensible. The Scud missile today is essentially a V2 copy. please visit our agency website, Your contact to the Infographics Newsroom, Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre, Teslas share price soared by a whopping 950 percent, Our infographics team prepares current information in a clear and understandable format, Relevant facts covering media, economy, e-commerce, and FMCG topics, Use our newsletter overview to manage the topics that you have subscribed to. or Yachts? Outside of COVID crazy times, EVs without incentives are still way more expensive out the door than ICE vehicles. Its possible that if Im renting a car (on vacation), Id prefer an electric car. Plus, I hear the tax is projected to generate $200B to $300B over 10 years. Or vintage Autos? But dividends? Phones that fit in your pocket with big screens and internet access were new, electric cars are not. Tesla scheme is a whole new level of scheme and a quazillion time larger. Data for each company is in the table below. If you look at hertz and Tesla they have one thing in common, their return on capital has been less than their cost of capital for at least 12 straight years. Teslas havent qualified for federal incentives for a while. Unrealized gains/losses relate to ALL capital assets. General Motors Co Chief Executive Mary Barra said on Thursday demand for the American automaker's vehicles remains strong and it expects U.S. new-vehicle sales to rebound next year. Tesla has reached a ridiculous market valuation that is more than +10% greater than the market valuation of all other auto manufacturers combined. Those 37 harbor a total market cap of $873 billion. The combined market cap of the next 10 auto So, lets now compare the 2019 revenue from those 3 companies: Tesla: $24.6B Volkswagen: 252.6B Toyota: $288.77B (29.929 trillion from March 2019 to March 2020) So, both Volkswagen and Toyota were making 10 times more sales than Tesla in USD. He and his buddy Peter Thiel think they should be billionaires without paying any tax whatsoever. But Rental Fleets Are Low-Quality Sales Automakers Dont Tout, House Construction Costs Spike Most since 1979 amid Materials Shortages. Adoption of gigapress that produces both front and rear casting supposedly reduced the number of robots by 50%. Ford was SELLING as many cars as all the other makers combined. In this final blow-off of stealing money from savers, printing money and credit like there is no tomorrow (not a pun), Tesla is just 1 of the pack. Oct 26 (Reuters) - Tesla Inc (TSLA.O) surpassed $1 trillion in market value on Monday, overshadowing the combined value of five of its biggest rivals, Toyota Motor Corp His makes cars 3X faster than VW or Toyota and the world wants EV not ICE. Autopilot that you can rely on changes the driving experience entirely. no more tax revenue. super bad ass beyond believable keeps singing these song. Shares of Tesla [TSLA] jumped by 12.7%, to $1,024.86 on Monday, which pushed the companys market capitalization to $1.01 trillion. How likely is a Tesla to burst into flames in my garage? So it looks like it will be an apple/Nokia moment. When Ford was as old as Tesla is now, Fords graphs were the reciprocal of Teslas graphs. world relating to economic and political issues as well as Theres at least 250 million light vehicles in the United States. Volkswagen Looking at Apple, the mother of all tech companies, for comparison yields a different perspective. Other Car Companies: How Their Factories Compare Globally. So basically they can sell every car they can produce for quite a while. Copyright 2011 - 2022 Wolf Street Corp. All Rights Reserved. That potential sale of 100,000 rental vehicles compares to 2-3 million rental vehicles that the other automakers sell to rental fleets in the US in a normal year. Bobber, you are thinking too myopically about wealth. Nobody talks about them. The cookie is used to store the user consent for the cookies in the category "Performance". Perhaps China will steal Teslas production techniques and become a nightmare low-cost competitor.. Not to mention the Koreans: Kia EV6, Hyundai Ioniq 5. It worries me that his own personal wealth is so great he creates a sort of reality-distorting force field very hard to challenge or interrupt. I would advise people in his situation to sell because once more people realise EVs are the future and they require a lot less maintenance than ICE vehicles, businesses like tire brothers so lose value very quickly. See: Steve Case, Marc Andreesen, Jerry Yang- all smart people in the right place at the right time. Not buying that level of profit is baked into these cars. If you use Toyota which used to be the high bar of auto production you can see Teslas future if they were to get to be a high volume manufacturer making 10 million cars per year with no where else to grow. 2004-2021 Bill Cara. Thunderf00t on YouTube has gone into great technical detail on debunking those that dont. The same thing applies to the perception of any of his projects. I have been driving EV for last 5 years but never needed to visit any repair facility. One thing about the wealth tax is how do you know who has to pay it unless everyone have list their assets? Obviously, this is a 3 Season, Metro/Suburban Commutermobile Market. You should be comparing Tesla to Netscape which did well until Microsoft took over the browser market but then Google ate their lunch (Firefox and Safari 1/20 share each). Underground, overground, up in space Tesla owns the future like no other. Elon will still be left with billions to pursue his evil agenda. ;-). The markets would go to infinity and beyond. Total deliveries globally of light passenger vehicles by all automakers combined might come in at 75 million vehicles, which would be down substantially from 2019. Cars. Actually, Fiat Chrysler is settled in the U.K., so it isnt recorded in the diagram above. on Are $6.4 Billion in SEC penalties this year enough? Precious Metals? The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Gross Margin from vehicle production is highest in the industry. Feel free to contact us anytime using our contact form or visit our FAQ page. Id consider renting one for a week to see how driving an electric car feels (just driving it locally). Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. If one can think logically, EVs are epitome of simplicity although automakers make it very complicated. I wonder how much maintenance and repairs on an EV would be if you amortized the eventual cost of battery replacement over the life of the car. Chinese BEV car makers are taking a much larger share of the NEV (BEV and PHEV) market. Musk also generates massive profits with only tiny amounts of investment capital. 20 million vehicle sales by 2030? There are two Chinese giants in the next 10 by market cap in the first chart above. Geothermal Energy Could Soon Help. They have yet to produce a single vehicle, but then what does that matter? Drive train intended to last 1 million miles.. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Either way the estimated revenue will be much less that foretasted. Average Other 13 = 0.58 [Note: By far the biggest of these others is Volvo at 1.30], Cash Flow/share read more. Tesla's overall EV market share in the United Statesthe portion of the EV market that it commandsis shrinking; but its share of the luxury segment is growing, according to research firm Experian. The Silicon Valley automaker's share of the overall U Other companies can learn from Tesla about financial engineering. In France, Plugins Take Record 24.4% Tesla Model Y Bestseller, Norway BEVs Hit Record Volume in November Tesla Model Y Leads, 2022 Volvo XC40 Recharge Twin Ultimate CleanTechnica Review (Video), 2022 CleanTechnica Car of the Year Writers Discuss Finalists, Watch Tesla Conference Call Live Today With Charts, Analyst Quotes, Transcribed Questions, Fisker Ocean CleanTechnica Walkthrough Video, The Aptera Gamma CleanTechnica Video Walkthrough. To find some of them, search on his channel using the keyword combination Musk Busted. There is no reason to believe that by time price parity with ICE vehicles arrives (and subsequently EVs actually become mainstream), the other auto makers EV offerings wouldnt be up to par with Teslas. China has funded a very diverse BEV car maker universe and all that competition coming will mean a fragmented marketplace and intense pricing pressure on gross margins. Just wait until the mania crashes and burns. 3 Disruptions 8 Technologies by Tony Seba, V2G Will Disrupt Electricity As We Know It. But thats not the last of the irony. Using Analyst Upgrades and Price Target Increases to Seek Future Winners. Tesla in China is not looking too good right here. (Short sellers bet that the stock price will go down.) People get used to luxury and want it when they travel. Theyve had a tax-free ride for far too long, while ordinary citizens pay for it. I wonder if some hotels will eventually charge to reserve an EV charging parking spot. I dont believe Tesla the company is a Ponzi, but the stock almost certainly will go down in history of losing the most market cap of any company to date unless US government funnels tens of billions to the EV industry. He is a target of the tax. Federal Reserve How Do You Charge An Electric Car At Home? Capital gains, sure. In terms of global market share, a different picture evolves. or Tesla green jeans, Tesla sneakers, Tesla recycled toilet paper? Like some of the Christians around these parts who are like: If God didnt want me to cheat on my taxes (and the wife) he would step in and save me! on any day of the week, except at the Sunday performance where theyre the holiest of all. So when you rent a tesla do you charge it outside the rental facility for 3 hours before returning,, because you know you get a full charge and you bring back a full charge right? But it could also be that there is a special deal between Tesla and Hertz to where Tesla funds those cars (in a lease-like arrangement) and then at the end takes those cars back and sells them as used, same as its regular lease-turn-ins. [Or did I read this wrong?]. on SEC enforcement chief applauds their billions in fines, but to what end? Average Other 13=21.54 [Note: Volkswagen+Toyota +Daimler+BMW average =7.04], Forward P/E Ratio its a mad mad mad mad mad mad mad mad world. This way the stock and the dividends apreciate. The data is EOEI - as the sources of data varies. Even if they have charge spots (at hotel), they could be full. With its own insurance business that is based on individual driving performance, Tesla has a new business that can reduce risks and increase gross margin for no marketing costs. Maybe Im crazy. MASSIVE Electric Bike Buyers Guide All the Biggest Brands & Models, NIO ES8 The Chinese Electric SUV Outselling The Tesla Model X, Nukes, Renewables, and the Union of Concerned Scientists, Reality Check Correcting the Cleantech Record, Solar Panel Installers Top Solar Panel Installers & How To Evaluate Them, Switching to an Electric Fleet Learn About Charging, Payments, & More, Teslas market cap surpassed Exxons [NYSE: XOM] market cap, Tesla is being added to the S&P 500 on the shortest day of the year, lost more money shorting TSLA this year than the entire US airline industry lost as a result of the coronavirus pandemic, CleanTechnica Member, Supporter, Technician, or Ambassador. The only reason Tesla looks in good shape is that they are having success in China, or so it appears, which could change on a dime. You either didnt read the article or ignored it entirely. Look for example at the reviews for the Ford Mustang Mach-E or the Kia EV6. Its an accounting number. Nicko2- In the month of November alone, anti-Tesla investors saw their bets bring in $2.37 billion, according to this study. The $115 billion single-day move added a Daimler plus Nissan plus Renault to Teslas market cap. Without both, the company would have failed or been bought out at very low fraction of its market cap. Deep Geothermal One Renewable Energy Source To Rule Them All? We dont know the details. Battery Storage Capacity To Increase Significantly By 2025, 1 Million European Homes Now Powered By Solar Batteries, Vehicle-To-Grid Solutions Could Open Fast Lane To Net-Zero Future, From Hyundai Kona EV to Tesla Model Y Standard Range, USAs 1st Vehicle-To-Grid Export Rate For Commercial Electric Vehicles, Shyft Group Shows Off Its Blue Arc Electric Last Mile Delivery Vehicle To Customers, Volvo EX90 Will Feature App-Based AC & DC Bi-Directional Charging, Electrifying Federal Buildings & Cutting Pollution New Steps By Biden-Harris Admin, Heat Pumps On Fire Globally As In, Getting Much More Popular, Biden & Harris: Heres $80 Million for Energy Upgrades in Public Schools, Open Your Eyes: Battery Electric Cars, Bikes, Tools, & Toys Everywhere Life In An All-Electric Future (Part 1), How Green Schools Can Help Save Our Planet. Whos paying for thisguessing Tesla. Everyone is going to be selling electric vehicles. Average Other 13 = 1.36 [Note: Toyota, Daimler/Mercedes, and BMW average 1.04], EPS (Most Recent FY) Wolf has shown us the 100,000 Teslas to Hertz is actually bad news for TSLA sales. Tesla Stock Compared To Other Car Companies / Tesla Market Cap Surges Past Volkswagen To 100 Billion Business Economy And Finance News From A German Perspective Dw 23 01 2020 - Someone recently dug up a lot of data to visualize top auto company market caps from 2006 to the end of.. I cant switch away from EV + autopilot that actually works again. It makes all kinds of vehicles, including electric buses in the US, and it makes its own battery cells (from what I remember). Europes Dilemmas Whether thats like Amazon or enough future fundamentals is the question. Has Elon heard of a concept called Paying a Dividend? Hertz may be dead in the water, but Musk can walk on water. (adsbygoogle = window.adsbygoogle || []).push({}); This line, That gain of $115 billion in a single day Simply make it illegal to borrow against owned Stock or use owned Stocks as collateral for loans. And shockingly I dont think these valuations are crazy. His most impressive feats have been his Falcon series of reusable launch vehicles, the Dragon spacecraft and Starlink global internet system. These cookies track visitors across websites and collect information to provide customized ads. It is 50% more profitable than GM, even though it currently sells just 1/6th of the vehicles. There are a significant number of his big plans and projects that havent panned out. With EVs, it will be meagre times for the traditional mechanics workshop. China will have a hard time justifying expansion of Tesla within China, given that Tesla furthers the interests of the worlds richest man. We use cookies to ensure that we give you the best experience on our website. I see your point, but rejoinders such as Old Schools are useful to other readers (me, for instance) who do wish to understand. There are no future fundamentals that justify TSLAs market cap. I am agnostic about Tesla and Musk. His reputation is going to go down in flames with the stock prices of his two companies. Prices Spike as Lower End Dies . I have a brother who is pretty intimidated by the increase in EVs on the street. After a brief comeback from Toyota, Tesla re-took the top spot and hasn't looked back since. [Full disclosure: I own stock in Tesla/TSLA, and this is not investment advice of any sort.]. @Sailorgirl: Do you hear anything about the real-world range in your area? I wager that Starship will be one of his duds a REALLY big one. Let other manufactures slap on bodies and interiors. Selling sunglasses wont support the trillion dollar valuation. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. If you continue to use this site we will assume that you are happy with it. Marketing and vaporware and the particular susceptibility of messianic hope and online meme crowd behaviors have led to this level of magical thinking. Tesla scored a 67.4 brand intimacy rating, closing following Disneys score of 68.1. Its possible that in some car markets in Asia and Europe, there could be a bunch of self driving public small busses, that are much more comfortable than current busses; stuff like this and cars on demand, could greatly reduce car demand. current data from the United States and around the With a record like that and considering the TAM of the transport sector its no wonder Tesla is valued more than the incumbents. Its all part of the green movement to destroy the remainder of the US middle class. Drop the kids off to soccer practice and violin lessons. Tesla =4.24% But Rental Fleets Are Low-Quality Sales Automakers Dont Tout, Tesla Rental Deal is Propaganda Coup for Hertzs Selling Shareholders & for Tesla. No. Over the past 12 months, Teslas share price soared by a whopping 950 percent, boosting the company's valuation to more than 17 times its revenue for the trailing twelve months. But it took many years to play out, and there were lots of ripple effects across an entire industry which are still occuring. Tesla stock has a sky-high valuation, much to the delight of bulls and the disgust of bears. Germanys EVs Near 40% Share Tesla Model 3 Bestseller, UK Plugin EVs Take 27.7% Share Tesla Model Y Bestseller. I suspect because of its vehicle cost and its nitch market status that as new luxury EVs enter the market in 2022 their sales will decrease. Here's how the company's plants compare to others in the car business Matthew DeBord Dec 14, Teslas share value has been on a tear, making it the worlds most valuable car company in terms of market cap. The value to Australia for coal exports is less than the cost to import petrol and diesel. And its better to retire while one is healthy enough to enjoy retirement! Its not a wealth tax. Back to those 30 Raptors. Apparently they had electric and pneumatic factions amongst the designers and obviously this was never resolved so the V2 has both kinds of systems doing roughly parallel things. First, 200B to 300B over 10yrs is 20-30B a year against a 3.1T budget, that represents 0.967% of the annual budget. We genuinely cannot wrap our minds around the scale of several factors here, let alone the ramifications. China is exactly as communist as the situation requires. The explosives were about 1500 lbs but compact so not enough volume in cone. To paraphrase Keynes, Musk can stay magically popular longer than most short sellers can stay solvent. The self driving software is potentially far more valuable than all their cars. Fundamental to all taxation is you tax realized gains/losses because the Cash is typically available to pay the tax. Tesla has no legacy dealers, factories or vehicles and is using the most advanced technology to eliminate labour. Musk via spacex on his own saved the US space program. Energy Copyright 2022 CleanTechnica. With the traffic and the need for year-round AC, I wonder how well the EV would actually do. These vehicles are their manufacturers very first try at a from-the-ground EV vehicles and they actually compare very favorably with the Model Y. 70%, 80%, 99.9%, 100% Renewables Study Central, Clean tech and sustainability market research, Climate Change Solutions: Why 1.5C Is So Important, Electric Vehicle Sales Charts, Graphs, & Stats, Engage Global Competition: Technology for a Sustainable Future. This is like setting up a car dealership for almost free. While Germanys plugin electric vehicle share broke new records in November, gaining 39.4% of the auto market, up from 34.4%, year on year. This marks the beginning of Teslas new long-range hauling vehicle finally hitting the road and entering into the shipping and hauling industry. Hertz paid retail price for their Standatd Range Model 3s $42k. Isnt that worse? The economy generates new unrealized gains every day. When bought at the stock exchange casino the price of shares depend on the chance buyers imagine there is for a win at the casino. Toyota Tesla posted losses of $1.1 billion in the first half of 2019, but since then, the company has turned the situation around in dramatic fashion. Teslas stock has fallen just over 50% this year, closing at $174.04 on Wednesday. your wife breaks down in her car, 1973, lonely country road, no cell phones, no service. Even if you dont care about stocks at all, the Tesla stock story offers an enormous amount of classically entertaining drama. Average Other 13 = 12.72% [Note: GM and Ford averaged 24.69%], Return on Assets employee pensions). Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook The reason why Tesla has been able to secure such a high valuation over the past several months is that it is miles ahead of traditional carmakers in the electric vehicle industry. There is a strong perception that Tesla is more of a software company rather than a carmaker, which has contributed to the rapid expansion of the firm. Create and manage any number of accounts without hussle, IP bans and extra expenses. If charged with best practices, teslas can still be going strong on original pack after 300000 miles. Accepting the metaphor of the market thinks, the market has no idea of how to think about negative interest rates and negative P/E. Dont get me wrong, this will be good for business. Definitely not steely calm imaginary astronaut or starship captain material. etc.? A German V2 went as high in June 44, 500K feet. Ill bet thats already a given. Average Other 13 = 5.29 [Note: Toyota, Daimler/Mercedes, and BMW average 4.41], Book Value/share please include a backlink to the respective infographic URL. Having long surpassed Detroits Big Three to become the most valuable car manufacturing company in the United States, Tesla made history this June by surpassing Toyota to become the most valuable automaker in the world. The whole automotive sector is overvalued right now, its a shrinking industry not a growth industry. Tesla is having a terrible week.In the last five trading days, the companys stock lost nearly 20% of their value and for good reason. Teslas value now equals 46% of the combined total for the worlds other 43 automakers. However, Tesla cannot possibly compare on a conventional valuation basis. Then it went to around 300. Im not so sure that particular financial product is relevant to Tesla. Meanwhile all incumbents have billions invested in stranded assets and overall they havent yet produced a competitive product against Teslas. I dont see how a launch vehicle with 30 (or whatever the current, constantly changing number is) of Raptor engines can ever be man-rated, at least without many more flawless launches than will ever be achieved considering the mass that those would place in orbit would be far more than current demand. All these other companies are debt ridden dinosaur fossils that make inferior products. Market Cap ($ Billion) Its all getting to be a big joke. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, YTD market share of selected car manufacturers in Europe 2021, French car manufacturers' exports in value 2012-2020, Gross advertising expenditure of car manufacturers in Germany 2013-2021, Car manufacturers with the highest advertising expenditure in Germany 2021, Car manufacturers' U.S. market share H1 2022, Passenger car sales in China by auto manufacturers 2021. Perhaps China will steal Teslas production techniques and become a nightmare low-cost competitor. With a market cap of $2.29 trillion, Apple is worth roughly 8 times its revenue for the trailing twelve months. Now Amazon is a lot more than that. How Big Are the Feds Losses and Where Can We Go See Them? 1. Wealth isnt just the Stock Market? What Federal Reserve bank creates in a month, Tesla created in a day. Are $6.4 Billion in SEC penalties this year enough? Rockets, Flame Throwers, 18-Wheelers, etc. Thirdly, if you want to tax Billionaires, there are much better mechanisms to achieve this. Drive to Costco. You also have the option to opt-out of these cookies. Didnt quite make it to Wichita. Its fun to read the drawings for the V2. The sad thing is that its a positive feedback loop: because people think Tesla is different, it has access to cheaper capital, and can eventually outspend other players, regardless of what they do. Thats not immaterial. But like so many other stories where reality hops in a cartoon space ship and takes off, I think I know how this ends. Total Other 13 =1476.6, Price / Sales Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. While the market leader in electric cars delivered less than 400,000 cars in the 12 months ended March 31, Toyota sold nearly 10.5 million vehicles during the same period, about ten times as many as Tesla has built in its lifetime. GM and Ford are already as big as they are going to be in terms of magnitude. industries; and "Economy and Society", which Just about every car maker can sell everything it can manufacture in the US market due to chip supply constraints. Yeah, what money? At the time of writing this market cap had reached $758 What is increasing though is the number of high power / fast charging power, The advent of vehicle to grid technologies will disrupt the electric car and the electricity supply in Australia. These symbols are found in the same sector, and have the two largest market caps in that sector. Subaru That rules out the best options. Fords market cap was ZERO because it was a privately held company. How would it compare to an ICE vehicle? (This was when Tesla had produced a few thousand) ms y thought it impossible yet they achieved it. Here are just some of the reasons why some consider it too high and others suggest it will exceed $2T within 2 years. They are going to have about a 25% global market share or the auto market is going to explode in unit volume growth? Their net margin is under 10% so I have a hard time seeing how you came up with that. Fedex lost huge money for years (why would anyone pay $10 for a letter to cross the country when the Post Office was doing it for 5 cents). I have no clue. Yes, Teslas global sales have soared over the years from nearly nothing to very little. It has approached BMW, no go, and is talking to Hyundai about building the car. Old car manufacturers are priced on day to day facts. Elon drives one hell of a narrative. By clicking Accept, you consent to the use of ALL the cookies. If someone here doesnt believe me, go try spending earnings at the grocery store. Theres even a lengthy YouTube video entitled SpaceX Starship Explosive Potential, and Big Bang Theory.. BMW See the Soviet N1 to know what Im talking about. Companies & Markets Failing to get that one nation/one carrier plan through left a concern that would ultimately nose dive when the protectors were all gone. Entire value of all mining is worth about half of Teslas market cap. Maybe I miss something but I CANNOT understand how it is possible that a company that declared bankruptcy 1 year ago (HERTZ) could buy 100,000 cars (which are also very expensive) from Tesla and what is the interest of a user who by renting an electric car will have to refuel every 300 miles (if they find the electricity distributor). Tesla is the market leader in battery-powered electric car sales in the United States, with roughly 70% market share. He wasnt taken seriously by the incumbents yet spacex has become the foremost space company leaving countries like Russia behind. They will soon have to compete with Volvo, who plans on entering the electric car space by 2019.The company faced a battery shortage last quarter, which put a damper on their plans to increase car deliveries. Apple is not intending to build a car. Whilst starship is a different ballgame his track record speaks for itself. But the SPAC sponsors want to make some money. facts. Teslas valuation is priced on hope. They probably just want to get political points by taxing billionaires and see if it will survive legal challenges. It's hard to say whether Tesla is overvalued at this point - by any conventional metric it is, but it continues to prove that it is more than just a car company, or a conventional company. These will be sealed units as per power engineering tradition.