Tesla is now the most valuable U.S. automaker, beating out GM and Ford

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  • ciderrules

    Ford 2016: $151 billion revenue.
    GM 2016: $166 billion revenue.
    Tesla 2016: $7 billion revenue.

    • jeneral

      Just like before the dot-com crash when AOL was worth more than Time-Warner. We all saw how that disaster turned out.

    • I think Snap Inc is another great example of that repeat. They promise to make no money and have a “buy” signal from banks.

    • Can’t Fix Stupid

      Yep it can go two ways like Facebook who found a way to make money and Twitter who didn’t. For every Facebook though there’s a ton of ones that fail that didn’t even make it out of the gate. If you get the right one its huge if not whammo.

    • I think investing has becoming a form of gambling in the US. Everyone throws money into the hat and last person out loses. I don’t think they really care how companies do anymore.

    • Sledge

      How badly are Ford and GM run if they have a market cap significantly less than their annual revenue?

    • Can’t Fix Stupid

      Or how delusional are the Tesla investors that, you know, determine the market price of the stock?

    • It’s Me

      Bingo. Strange to blame ford and GM management for tesla’s bubble.

    • Mr Dog

      Tesla is priced because of it’s potential.

    • ciderrules

      Lots of people going to get burned when they fail.

      Look at GM. Supposedly a “dumb murican car company”. They started the Bolt a year later than the Model 3 and finished it a year earlier. And it’s getting great reviews.

      Nothing, and I mean NOTHING that Tesla does is unique or revolutionary and can’t be duplicated by any other car company (when they decide to). And those companies have the experience to ramp up and get a car into mass production quickly (something Tesla has shown it’s not able to do).

    • Can’t Fix Stupid

      Bolt is a good example. The Focus electric is another.

      Right now Tesla is the Coach bag of electric cars. Some people will pay for the brand, but there’s lots of alternatives popping up for common folk.

    • Dimitri

      Tesla has only a few Cars on their fleet vs which owns Cadillac, GMC, Buick and more. Ford had more cars as well. So their renevue is due to be bigger then Tesla unless I am Mistaken.

    • It’s Me

      Mostly it’s because they sell more.

  • Tesla is great but their sales model is terrible. The second most important purchase cannot be approached like an Apple iPhone