Tesla’s position as the world’s most valuable automaker is deeply puzzling (and infuriating) to many auto industry and stock market observers. How can it be that a comparatively small company, that sells a tiny fraction of the number of vehicles produced by industry giants such as Toyota and the Volkswagen Group, has a stock market valuation greater than those two combined?
To Tesla’s detractors, the EV-maker’s high-flying stock price must be due to unrealistic media hype, or perhaps it’s simply proof that the world has finally gone mad. However, to those who take a broader view of history, the explanation is simple. Stock prices never reflect a company’s present situation—they are based on investors’ evaluation of a company’s future prospects. It’s now clear that the future of automobiles is electric, and when it comes to electric vehicles, Tesla is the undisputed leader.
Source: Evanex
Spies, are the experts RIGHT? Or will Elon and those who bought under $600 on the latest dip (full disclosure, 001 dipped into Tesla at $570) have the last laugh?
Infographic: (Visual Capitalist)