Tesla is now most valuable auto maker in US

[Indeependent]

The next time I have a spare 80K I'll give it a look.

 

[OldLady]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Huh. Never heard of them. Up here everyone is driving a Subaru or a Ford truck.

You've never heard of Tesla? Turn the rabbit ear antennae 90 degrees to the west. By the way I have an old tv in the garage that uses those old style rabbit ears after everything went digital in 2009. It looks just like the whole tv experience looked when I was a kid visiting my grandfather. He actually had a rabbit ears that would rotate with the push of a button to get best reception on whatever channel you wanted to watch.

This car company was founded in 2003 and has already overtaken GM. Note.

Never seen them advertised up here either. What do they look like?
OH! Electric cars? That's what they call them? Someone at work had one of those. She liked it. Is anyone else making them (I think it was a half and half). I don't remember "Tesla."

LOL You're right I have my mom's old behemouth of a Zenith but no rabbit ears out here in the country--satellite is the only way to get a signal.

 

[CultureCitizen]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

The fine print from your article.

esla loses money, and it sells a small fraction of the cars of its much older competitors. Tesla sold about 25,000 of its Model S and Model X cars in the first three months of the year, compared with 690,000 cars and trucks for GM and 617,000 for Ford.

Rebecca Lindland, executive analyst at Kelley Blue Book, says Tesla is being treated differently than other carmakers. "They're classified as a tech company," she told CNNMoney, "so they're not really held to the same standards."

She adds that while Wall Street focuses on more traditional criteria -- like profitability -- for established companies like Ford and GM, "Tesla kind of gets a free pass."

So the valuation is not held to the same standards as the major manufacturers. Where is the direct comparison?

As I stated in another post, most of that valuation is probably due to speculation investments in the company, which doesn't give an indication of the companies current fiscal strength.

The Major auto companies valuation is a hard one, based on assets and short term sales numbers. Tesla's is based on maybe electric cars becoming the norm sometime in the next 2-3 decades.

Hard numbers : Tesla's sales were above 7b in 2016. It seems peanuts compared to GM 166b... until you notice Tesla's sales are doubling every two years. That still means the time in which Tesla's revenues match GM's are ten years in the future.

And thats assuming Tesla continues on its current path.
There are a lot of people,myself included,who would never buy electric for a multitude of reasons.

It is probably too early still, but the path for setting a grid of solar chargers is set.

 

[EdwardBaiamonte]

I dont see how thats possible when I might see a Tesla once a week if that.
They sold 76k cars 2016 vs say GM who sold 3.1 million.

A lot of it is speculation valuation due to perceptions that electric cars are the "Wave of the future". The actual current net worth is based on tangible assets, short term sales, and overall stability is probably far less than any major auto manufacturer.

take away the govt welfare and Tesla is history tomorrow. But imagine how big it would be without the shale fracking revolution. Probably worst timing in history.

 

[IsaacNewton]

The fact is that NO ONE is on the same level as Elon Musk and Tesla in terms of being an innovator and being so forward thinking. Dude is light years ahead of the gas guzzlers.

This is the guy that owns Space X as well. He is like a modern day Thomas Edison.

You have to appreciate the level of brainwashing that most of a conservative bent exhibit here. They are so against ANYTHING environmentally friendly that shows the oil industry is obsolete and headed for the dust bin, that they will bad mouth this huge success and the brilliant dude running it all. He single handedly is changing how humans will live for the next 100 years before our eyes.

Read the article all you negative derps. And be happy for a US company blazing across the sky like a Space X spacecraft headed to Mars.

Someone said Gattaca and cons thought they said Attica and started fighting with each other.

 

[Toddsterpatriot]

The fact is that NO ONE is on the same level as Elon Musk and Tesla in terms of being an innovator and being so forward thinking. Dude is light years ahead of the gas guzzlers.

This is the guy that owns Space X as well. He is like a modern day Thomas Edison.

You have to appreciate the level of brainwashing that most of a conservative bent exhibit here. They are so against ANYTHING environmentally friendly that shows the oil industry is obsolete and headed for the dust bin, that they will bad mouth this huge success and the brilliant dude running it all. He single handedly is changing how humans will live for the next 100 years before our eyes.

Read the article all you negative derps. And be happy for a US company blazing across the sky like a Space X spacecraft headed to Mars.

Someone said Gattaca and cons thought they said Attica and started fighting with each other.

You have to appreciate the level of brainwashing that most of a conservative bent exhibit here. They are so against ANYTHING environmentally friendly that shows the oil industry is obsolete and headed for the dust bin,

You think Tesla is environmentally friendly?

 

[EdwardBaiamonte]

The fact is that NO ONE is on the same level as Elon Musk and Tesla in terms of being an innovator and being so forward thinking. Dude is light years ahead of the gas guzzlers.

This is the guy that owns Space X as well. He is like a modern day Thomas Edison.

You have to appreciate the level of brainwashing that most of a conservative bent exhibit here. They are so against ANYTHING environmentally friendly that shows the oil industry is obsolete and headed for the dust bin, that they will bad mouth this huge success and the brilliant dude running it all. He single handedly is changing how humans will live for the next 100 years before our eyes.

Read the article all you negative derps. And be happy for a US company blazing across the sky like a Space X spacecraft headed to Mars.

Someone said Gattaca and cons thought they said Attica and started fighting with each other.

You have to appreciate the level of brainwashing that most of a conservative bent exhibit here. They are so against ANYTHING environmentally friendly that shows the oil industry is obsolete and headed for the dust bin,

You think Tesla is environmentally friendly?

More so than a gas car in general .

 

[Vandalshandle]

I wish them the best of luck, but I consider their stock to be WAY too speculative for me. I would feel better about it if I ever drive downtown and actually see a Tesla dealer. Maybe they could buy up some of those empty Saturn dealership buildings. They are still pretty new, since Saturn was only introduced in 1992. And, then, there are those empty Hummer buildings....

 

[westwall]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Which is more a testament to propaganda than actual merit. TESLA has never turned a profit, produces a few thousand cars a year (and I believe they have yet to actually make goal for a year) and is the best example of the "greater fool" system of investing than any other company on the planet.

 

[SYTFE]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Which is more a testament to propaganda than actual merit. TESLA has never turned a profit, produces a few thousand cars a year (and I believe they have yet to actually make goal for a year) and is the best example of the "greater fool" system of investing than any other company on the planet.

They have one big problem, and that's producing an affordable electric car for the masses. When they nail that, they will become profitable -- big time.

 

[CultureCitizen]

The fact is that NO ONE is on the same level as Elon Musk and Tesla in terms of being an innovator and being so forward thinking. Dude is light years ahead of the gas guzzlers.

This is the guy that owns Space X as well. He is like a modern day Thomas Edison.

You have to appreciate the level of brainwashing that most of a conservative bent exhibit here. They are so against ANYTHING environmentally friendly that shows the oil industry is obsolete and headed for the dust bin, that they will bad mouth this huge success and the brilliant dude running it all. He single handedly is changing how humans will live for the next 100 years before our eyes.

Read the article all you negative derps. And be happy for a US company blazing across the sky like a Space X spacecraft headed to Mars.

Someone said Gattaca and cons thought they said Attica and started fighting with each other.

You have to appreciate the level of brainwashing that most of a conservative bent exhibit here. They are so against ANYTHING environmentally friendly that shows the oil industry is obsolete and headed for the dust bin,

You think Tesla is environmentally friendly?

Probably , taken as a whole it is ( Solar city + charging stations + EV ) . If you just consider the cars, not too much: they use about 20% less energy than a normal car. There are certainly other vehicles which are much more environmentally friendly.

 

[Wyatt earp]

The fact is that NO ONE is on the same level as Elon Musk and Tesla in terms of being an innovator and being so forward thinking. Dude is light years ahead of the gas guzzlers.

This is the guy that owns Space X as well. He is like a modern day Thomas Edison.

You have to appreciate the level of brainwashing that most of a conservative bent exhibit here. They are so against ANYTHING environmentally friendly that shows the oil industry is obsolete and headed for the dust bin, that they will bad mouth this huge success and the brilliant dude running it all. He single handedly is changing how humans will live for the next 100 years before our eyes.

Read the article all you negative derps. And be happy for a US company blazing across the sky like a Space X spacecraft headed to Mars.

Someone said Gattaca and cons thought they said Attica and started fighting with each other.

A modern Thomas Edison?


When talking the name sake of Telsa?


Are you fucking kidding me?

Have you ever read a fucking history book and what Edison did to Telsa?


.

 

[CultureCitizen]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Which is more a testament to propaganda than actual merit. TESLA has never turned a profit, produces a few thousand cars a year (and I believe they have yet to actually make goal for a year) and is the best example of the "greater fool" system of investing than any other company on the planet.

Amazon didn't produce profits for many years. And now it is a retail powerhouse. Profits are not the main indicator in a company whose revenues double every two years.

 

[westwall]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Which is more a testament to propaganda than actual merit. TESLA has never turned a profit, produces a few thousand cars a year (and I believe they have yet to actually make goal for a year) and is the best example of the "greater fool" system of investing than any other company on the planet.

Amazon didn't produce profits for many years. And now it is a retail powerhouse. Profits are not the main indicator in a company whose revenues double every two years.

For a manufacturer it sure as hell is. TESLA is to cars, what the various fraudulent gold mines on the Vancouver exchange, were gold mining.

 

[westwall]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Which is more a testament to propaganda than actual merit. TESLA has never turned a profit, produces a few thousand cars a year (and I believe they have yet to actually make goal for a year) and is the best example of the "greater fool" system of investing than any other company on the planet.

They have one big problem, and that's producing an affordable electric car for the masses. When they nail that, they will become profitable -- big time.

Possibly, and i hope they actually do. Currently the wealthy elite are getting sweetheart deals on those cars paid for by the middle class.

 

[P@triot]

I dont see how thats possible when I might see a Tesla once a week if that.
They sold 76k cars in 2016 vs say GM who sold 3.1 million.

My guess is that this is based on valuation (i.e. stocks and stock prices) and not sales. I've literally never seen a Tesla in the real world so their sales have to be minimal at this point.

But that doesn't mean that there aren't lot of believes in Elon Musk who are investing heavily in Tesla.

 

[P@triot]

This car company was founded in 2003 and has already overtaken GM. Note.

Exactly! Note that the government got involved with GM while it has not with Tesla. Coincidence? I think not.

 

[P@triot]

Hilarious to see conservatives show up to wail against an American success story isn't it?

I'm a constitutional conservative and I have nothing but the highest respect and admiration for Elon Musk in terms of his career. He's bright and he's a workaholic. Like you said - he's an American success story.

 

[there4eyeM]

Despite the idiotic obsession with oversized vehicles in America, with the recently announced advances in battery performance, electric cars will take over very shortly. Now, we need to enhance the photovoltaic capacity in order to charge them 'greenly'.

 

[frigidweirdo]

Tesla just became the most valuable carmaker in America


Some people are dragged into the future and some people drag all of humanity forward. Elon Musk has a gigantic rope and is pulling the world into the 22nd century.

Tesla was founded in 2003 and has already overtaken GM in the US and is close to overtaking Honda in the world. Next on to Toyota.

Huh. Never heard of them. Up here everyone is driving a Subaru or a Ford truck.

I was behind a Tesla care the other day...