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canna change law physics
Join Date: Jul 2000
Location: Houston, Tejas
Posts: 43,429
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Tesla worth more than FORD?
Seriously? WSJ today
Quote:
By TIM HIGGINS and CHRISTINA ROGERS
Updated April 3, 2017 1:44 p.m. ET
Elon Musk has steered past Henry Ford in the minds of investors, the latest sign that the auto industry is undergoing a seismic shift.
Tesla Inc., TSLA +6.79%, the upstart Silicon Valley electric-car maker run by Mr. Musk, has overtaken Ford Motor Co., the automotive pioneer that is exactly 100 years older, as the second-largest U.S. auto maker by stock-market value.
Shares in Tesla were up 4.6% at $291.17 midday Monday, pushing the California auto maker’s market capitalization to $47.49 billion, above the Michigan company’s $45 billion, according to FactSet. The next milestone for Tesla is General Motors Co. , valued at roughly $51 billion.
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This is so messed up. They can't meet their own production numbers. They build a fraction of the cars from FORD, but they have a higher market cap?!? Seems crazy!
__________________
James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
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04-03-2017, 01:28 PM
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