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CrosbyVenture
Jun 10, 2020 11:48 PM

Tesla is now worth more than Toyota Short

Tesla, Inc.NASDAQ

Description

Telsa's market cap has eclipsed Toyota, making it the largest auto company in the world (at least by mktcap).

Meanwhile, quarterly revenue is close to 6B versus 66B (Toyota).

Seems like something is wrong here.
Comments
gyezersky
Is not that funny??? Irrational exuberance!
rlpneves
Something is wrong. There is no sustainability for Tesla value more than GM or Toyota. speculation is the name of the game.
lauralea
One is a dream, and the other is real life!
We can do more when we dream I guess...we always wake up though (o:
Acwood
@lauralea yep Toyota is maxed out, incremental at best except they are not even trying when it comes to EV’s even pushing for relaxing of emissions laws in the US. Tesla have an opportunity for 99.7% of the global auto market, +solar +home energy storage +grid scale storage +software +++.
This dreamer just delivered 2 NASA astronauts on a rocket he designed with a NASA-endorsed path to building a city on Mars.
He is also building cars no wonder every legacy auto is freiking out
f253e0104be942c2a5a8d5fe2e5c93
Tesla is more than Toyota
Domchi
But valuation is not about where the company is now, it's about what it can grow into. You don't think Tesla has at least 10 times more potential than Toyota?
ilanr
Tesla is 10 years ahead of Toyota in terms of innovation put de facto on the road. Could be that the stock market predicts what will be the sales and revenue picture 10 years ahead.
Bizstick
Something is missing here...
Tesla is the sister company of Space X
Could be their profit combine?
MuchosPips
Toyota has a lot of sales more than TESLA, Toyota is present y almost all the countries per now... let's see TELSA in a few years when they get into new countries, that numbers about revenue will change!
lladnew
Excellent point! Thanks for sharing! Crazy stuff.
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