Ferrari now worth more than GM or Ford
Quote:
Originally Posted by
davewindsor
As of today, a domestic auto company like FORD is trading at 0.70 x book value, 9.585% divy, and eps = 0.02. VS. TESLA trading at 17.671 x book value, NO DIVY, eps = -$5.01.
https://web.tmxmoney.com/quote.php?qm_symbol=TSLA:US
You still don't think Tesla is a ponzi bubble ready to burst?? Seriously?!
How the mighty have fallen. Ferrari produces fewer than 10,000 cars while the Detroit companies produce millions.
https://www.cnbc.com/2020/05/04/ferr...-and-ford.html
BTW, even with the depressed stock market Tesla is now worth about 3x more than GM and Ford combined. Isn't the real Ponzi scheme GM. It is now worth considerably less than the IPO offering price.