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发帖数: 754 | 1 Soaring stock sends Tesla market value past Ford, GM, making it the most
valuable American automaker (on paper)
REPORT: EV MAKER NOW WORTH $53 BILLION THANKS TO BIG LEAP IN STOCK VALUE
Read more: http://autoweek.com/article/car-news/teslas-market-capitalization-shoots-past-ford#ixzz4dLKmHt00
Tesla received some good news this week: Its market value of $53 billion now
exceeds that of Ford and GM, Bloomberg reports. The nation's smallest
automaker arrived at this enviable position via a 7 percent spike in share
value earlier in the week, which took it past the vastly larger Ford Motor
Co. and General Motors.
Overall, Tesla stock rose 38 percent in 2017.
Tesla's new market capitalization reality is slightly difficult to process:
Ford's net income during the last five years amounted to $26 billion, while
Tesla lost $2.3 billion during the same period. As Bloomberg notes, Tesla's
sales of 40,697 vehicles in 2016 represent three weeks of sales of the Ford
F-Series trucks, with Tesla coming in 30th in terms of sales in 2016.
What prompted the stock rally was Tesla's better than expected quarterly
vehicle deliveries, with the electric automaker delivering 25,418 vehicles
during the first three months of 2017. That's an increase of 69 percent over
the same period in 2016, with Tesla crediting long-awaited gains in
production capacity to the strong results.
Tesla CEO Elon Musk went on Twitter to taunt short sellers of Tesla stock,
who have attempted to make money by betting against Tesla given its long
march to something approaching profitability (as well as expectations that
it's about to be decisively surpassed in electric vehicle sales by a major
American or European automaker).
Still, market analysts expressed some significant reservations about Tesla's
short-term prospects in its transition from a boutique maker of high-priced
EVs to a more conventional midsize automaker. It will need to increase its
store and service center reach while fending off competitors' models
arriving before the end of the decade -- some with longer range and pricing
comparable to the Model 3.
http://autoweek.com/article/car-news/teslas-market-capitalization-shoots-past-ford | f****o
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