Oh, journalists ... what are you spouting ;) ?
Here's a little table with the details on ten of the largest car companies.
| Companies | Enterprise Value | Market Capitalization | Latest Sales |
|---|---|---|---|
| Toyota | $310bn | $177bn | $245bn |
| Volkswagen | $187bn | $74bn | $232bn |
| Ford | $150bn | $46bn | $152bn |
| General Motors | $111bn | $51bn | $166bn |
| Nissan | $105bn | $11bn | $104bn |
| Honda | $101bn | $55bn | $125bn |
| Tesla | $52bn | $49bn | $7bn |
| Tata | $28bn | $23bn | $40bn |
| Fiat Chrysler | €19bn | €13bn | €111bn |
| Ferrari | $16bn | $14bn | $3bn |
So TSLA is just 4% of total value of these 10 and less than 1% of sales. Imagine it's financial insignificance if compared with the global top 25. (Apologies to Renault, etc for non inclusion in table).
Surely the questions should be:
- If you own Ford, do you buy more / sell out?
- If you own Tesla, do you buy more / sell out?
- If you own neither, do you consider either?
Must have been a slow news day :).
Submitted April 04, 2017 at 08:09AM by shane_stockflare http://ift.tt/2nSW6uu
