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Telsa overtakes GM to become largest US auto manufacturer by market cap

2 pointsby sloanesturzabout 8 years ago

2 comments

YCodeabout 8 years ago
<a href="http:&#x2F;&#x2F;n-gate.com&#x2F;hackernews&#x2F;" rel="nofollow">http:&#x2F;&#x2F;n-gate.com&#x2F;hackernews&#x2F;</a> nailed this bit last week:<p>&gt; A financial website documents Tesla&#x27;s overvaluation, while explicitly noting that Tesla cannot compete with real automakers in any sense. The company&#x27;s valuation is recognized to be so high purely because Elon Musk is our lord and savior.
sloanesturzabout 8 years ago
GM&#x27;s market share is 17.5% while Tesla&#x27;s is just 0.2%. There&#x27;s a lot of hope priced into that stock.