Tesla Now Worth More than GM and Ford Combined

**detmsp** · March-10-20, 03:43 PM

Originally Posted by davewindsor

No, it could have been anything that broke the bubble. Tesla's an overpriced tech bubble ready to burst. Not everything declined though, plenty survived, ex. Walmart--Mar 11/19 = $98.48, Mar 6/20 = $117.18, Mar 9/20 = $117.16.

It was the oil and gas companies that took the largest brunt of the beatings [[over 25%) and that was created by Russia, not Corona.

That's just not true. The Nasdaq is dominated by tech companies, not oil companies, and the Nasdaq dropped hard yesterday.

Apple was down something like 9% yesterday. Ready to call them a failure too? iPhones are over, folks!

That's nice that Walmart didn't drop much, but that's one company AND a company in a different industry. Meanwhile, EVERY car company dropped yesterday.

Also, Tesla regained half of yesterday's losses today.

**davewindsor** · March-13-20, 12:37 PM

Originally Posted by davewindsor

Over the past month, it went from $917 to $608.47 today.

Today's daily low for Tesla is $502 [[almost half of what it was a month ago).

**401don** · March-13-20, 01:30 PM

Originally Posted by davewindsor

Today's daily low for Tesla is $502 [[almost half of what it was a month ago).

Just ahead of Ford's $5.38.

**davewindsor** · March-16-20, 07:15 PM

Originally Posted by davewindsor

Today's daily low for Tesla is $502 [[almost half of what it was a month ago).

Tesla closed today at $445.07.

**Johnnny5** · March-16-20, 07:33 PM

Originally Posted by davewindsor

Tesla closed today at $445.07.

I'm not a Tesla fan, bu that is still higher than at the start of 2020. Probably one of the few non-health care or grocery related stocks that can make that claim.

**davewindsor** · July-14-20, 05:25 PM

Tesla closes at $1,516.80/share, while Ford closes at $6.36 today? Whaat?? A year ago, Tesla was trading at $240/share. Has the stock market turned into a hacked online game?? That puts Tesla at a market cap of $281 Billion. The Big Three combined has a market cap of $82.7B. Tesla is now worth over three times what the Big Three is worth?? Even Elon Musk on May 1st tweeted that at $760.23 Tesla was overpriced. Where is this money coming from?? I hope pension funds aren't going to get wiped out over this when the market crashes.

**renf** · January-15-20, 09:23 AM

Tesla shares were up almost 10% on Monday. Detroit Yes is the place to go for stock tips - better than the barber shop.

**Metro25** · January-16-20, 09:32 AM

Originally Posted by renf

Tesla shares were up almost 10% on Monday. Detroit Yes is the place to go for stock tips - better than the barber shop.

Yeah because it went up on Monday means it will never ever go down. Great logic.

It wasn't that long ago it dipped below GM. It's highly volatile, but hey I'm not stopping you from diving into the hot mess.

**iheartthed** · January-17-20, 01:25 PM

Originally Posted by renf

Tesla shares were up almost 10% on Monday. Detroit Yes is the place to go for stock tips - better than the barber shop.

It's almost back to where it was this time last week, Stock Whisperer.

**Gistok** · January-16-20, 03:40 AM

Just saw this today from Reuters....

"New Tesla registrations in California nearly HALVES in 4th quarter."

https://www.msn.com/en-us/money/comp...cid=spartandhp

**Cincinnati_Kid** · January-17-20, 10:25 AM

https://www.fox2detroit.com/news/man...iving-in-tesla

I guess this guy thought he felt the need to test it out on a local freeway. Bad move.....

**softailrider** · January-17-20, 02:00 PM

Originally Posted by Cincinnati_Kid

https://www.fox2detroit.com/news/man...iving-in-tesla

I guess this guy thought he felt the need to test it out on a local freeway. Bad move.....

Some times you just feel like putting game your foot down. Got to studiously pick your spots though.

**313WX** · January-17-20, 03:51 PM

On a related note, this article about Ford's future [[or lack thereof) in the event of a recession and spike in oil prices is a good read...

https://www.ccn.com/next-recession-c...motor-company/

**Metro25** · January-17-20, 04:06 PM

^ That has to be one of the laziest opinion pieces I've ever seen lmfao. Far from a good read.

Here's another article from that genius author.

https://www.ccn.com/greta-thunberg-j...change-denier/

**iheartthed** · January-17-20, 04:39 PM

Originally Posted by Metro25

^ That has to be one of the laziest opinion pieces I've ever seen lmfao. Far from a good read.

Here's another article from that genius author.

https://www.ccn.com/greta-thunberg-j...change-denier/

It's a bitcoin news blog. Definitely not a reliable source of information...

**313WX** · January-17-20, 04:19 PM

Originally Posted by Metro25

^ That has to be one of the laziest opinion pieces I've ever seen lmfao...

Ok Worldsgreatest.

**Richard** · January-20-20, 07:48 AM

Maybe not Tesla related but New York utility customers get to see a rise in their monthly bill.

Out of the increase includes $39 million for electric vehicle charging stations,like it or not I guess they get to subsidize others choice of vehicle.

**Richard** · January-20-20, 07:57 AM

Originally Posted by 313WX

On a related note, this article about Ford's future [[or lack thereof) in the event of a recession and spike in oil prices is a good read...

https://www.ccn.com/next-recession-c...motor-company/

They are not taking into account that for the first time in 75 years we have exported more oil then we consume,so we would not be impacted by middle eastern rises in fuel costs.

**leapfrog** · January-22-20, 01:18 PM

Originally Posted by Richard

They are not taking into account that for the first time in 75 years we have exported more oil then we consume,so we would not be impacted by middle eastern rises in fuel costs.

Yet even the most recent trouble with Iran affected oil prices. Oil is a commodity. Anything that affects the market affects the entire market.

https://www.houstonchronicle.com/bus...l-14948597.php

**313WX** · January-20-20, 03:00 PM

Originally Posted by Richard

They are not taking into account that for the first time in 75 years we have exported more oil then we consume,so we would not be impacted by middle eastern rises in fuel costs.

OPEC still has more control over the market than some give them credit for.

While it's true that the US is less dependent on them now than in year's past, a sudden spike in prices in response to geopolitical instability would still put quite a bit of strain on our economy, as drillers / frackers wouldn't be able to ramp up quickly enough to make up for their lost production.

**Richard** · January-22-20, 11:21 AM

Tesla is starting construction on a giga factory outside of Berlin.

https://m.dw.com/en/tesla-factory-ou...ion/a-51286353

While VW is building one in Tennessee with the goal of building 50 million EVs within the next few years.

https://electrek.co/2019/11/12/vw-br...moment-by-ceo/

**Richard** · January-22-20, 06:53 PM

Originally Posted by leapfrog

Yet even the most recent trouble with Iran affected oil prices. Oil is a commodity. Anything that affects the market affects the entire market.

https://www.houstonchronicle.com/bus...l-14948597.php

From your link

“Part of the reason oil prices didn’t spiek Friday is because the U.S. and other countries outside of the Middle East are producing so much oil. U.S. oil production and exports are at all-time highs.”

So as I posted,we were not impacted by the spike because of our current production levels,if it had spiked to that point it would effect our export prices at market level and not necessarily domestic prices.

No matter what the costs were,we were paying Venezuela 70c over market value for thier oil,pre Chavez days,and it did not reflect on our domestic prices at that time.

I also expect everybody that that reads this to send a complaint to the professional newspaper writer that they misspelled the word “spike”.

**Lowell** · January-23-20, 09:31 AM

I saw the other day where Tesla value topped $100 billion in market capitalization. Bubble, bubble, bubble. Pop?

**rb336** · January-23-20, 12:26 PM

Originally Posted by Lowell

I saw the other day where Tesla value topped $100 billion in market capitalization. Bubble, bubble, bubble. Pop?

That is how I see it. That is why the stock market is a poor measure of anything but itself - people like to think it is tied to something tangible, but in reality it is an irrational place, governed by emotion rather than cold, hard facts.

**Lowell** · January-23-20, 12:53 PM

Today I see that Tesla has now eclipsed VW to be the world's second most valuable auto maker. [Toyota is tops at $223B and, IMO, also overpriced] Tesla bring to mind the following famous phrase:

"Irrational exuberance" is the phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s.