BMW Gets Sidelined As Tesla Blows Past It In Total Valuation

Tesla’s stock (TSLA) is surging since announcing record profits and the company is now worth more than BMW as the stock of the latter is slipping following disappointing financial results.The California-based electric automaker’s market cap is now worth over $59 billion while BMW’s slipped below 49 billion euros ($55 billion) yesterday after it announced lower than anticipated profit for the last quarter.

While it’s hard to directly compare Tesla to other automakers because the company is more than an automaker due to its growing energy division, most of its revenue currently comes from its automotive business.

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carloslassiter - 11/8/2018 10:28:42 AM

+1 Boost

Where's Kia boy with another for-crap prediction?

Tiberius1701A - 11/8/2018 12:51:50 PM

+1 Boost

TeslaSpies...click.

skytop - 11/8/2018 12:57:05 PM

+2 Boost

Another boring Tesla article from the Autospies sycophants.

scenicbyway12 - 11/8/2018 1:08:02 PM

+2 Boost

"Irrational exuberance"

- Alan Greenspan

MDarringer - 11/8/2018 9:08:35 PM

+1 Boost

Amen

MDarringer - 11/8/2018 8:11:44 PM

+1 Boost

Valuation is potential worth not actual worth.

SanJoseDriver - 11/8/2018 10:17:14 PM

+2 Boost

If someone were to buy the company, it is what they would most likely pay. More accurate to say the valuation is actual worth which is based on future predictions.

MDarringer - 11/8/2018 10:40:48 PM

-1 Boost

Nope. You could not be more wrong if you tried.

Valuation is the asking price NOT the selling price.

Granted, you must think that because people pay full list for Teslas that in business a buyer would pay full asking price for an acquisition.

But that is NOT how it works.

The valuation is the carrot to get someone to buy. The actual transaction will be a lot LOWER because the difference between that price and the valuation is how the deal is made.

For example, when Tata bought Jaguar/Land Rover for $2.3B, the valuation of the company was higher, but $2.3B was the lower selling price.

Another reason you would never pay the valuation price for an acquisition is that if you paid the valuation price to buy a company and needed to borrow money, a bank would look at you and laugh in your face.

You clearly know NOTHING about how businesses run or how acquisitions happen, so stop farting out of your mouth and leave it to those of us who know how to run businesses and make a profit again, again, and again.

SanJoseDriver - 11/9/2018 3:19:48 AM

+1 Boost

Goes both ways, google "acquisition premium" ... and I've sold a company, at a profit. You?

SanJoseDriver - 11/8/2018 10:18:58 PM

+2 Boost

BMW has no compelling EVs coming out anytime soon to challenge Tesla. The iX3 and i4 are both coming in 2020 AT BEST. All we are getting next year is a Mini subcompact EV. A year is a very long time to give to your competitor.