Tesla Full Self Driving (FSD), Telematics, & Lower Auto Insurance Premiums
Auto & Motor Insurance is a big industry in the US and Europe.
Auto & Motor Insurance is a big industry in the US and Europe.
As we were sipping daiquiris atop CleanTechnica’s infinity pool and staring into the azure waters of the Gulf of Mexico, we were struck by a thought: Has Tesla’s market cap reached escape velocity?
On January 22, 2020, I wrote that Tesla overtook Volkswagen to become the world’s 2nd largest auto company by market cap. At that point in time, Tesla had just crossed $100 billion in value.
Tesla has done it again. On January 22, 2020, Tesla’s market value exceeded $100 billion. Not only is this more than GM and Ford together, but it is enough to squeak past Volkswagen Group and become the world’s 2nd largest auto company by value. First place belongs to Toyota, with … [continued]
Barron’s noted on January 7th, 2020, that Tesla had become the most valuable auto company in the history of America. Let me repeat: Not just currently. We are talking about the most valuable American auto company since America was born. Congratulations to Elon, Tesla, and the team for unlocking this achievement!
There have been many pieces on Tesla stock’s rocket run over the last month. According to stockcharts.com, Tesla went from a low price of 328.69 on December 2nd, 2019, to a closing price of 430.38 on December 27th, 2019 (it has dropped a bit since then). This is a phenomenal return of 30.9% gain in less than 30 days. I speculated earlier on many reasons why it happened. It turns out, though, the reason may be very simple. Wall Street analysts are expecting Tesla to earn higher profits in 2019 and 2020 compared to what they thought 3 months ago.
For those who own Tesla stock*, the drama of the share price seems to be extra drama beyond the drama associated with the company’s growth. Many would say the share price volatility is unwelcome drama. Others let it go, like water down a goose’s back.
This morning, I saw the news that Jim Lentz, CEO of Toyota Motor North America, will be retiring as of April 1, 2020. One of the auto industry’s iconic auto CEO’s will no longer be with us as of next year. He joins other auto executives around the world who … [continued]
As you’ll see in this article, Tesla Model 3 revenue dwarfed its luxury car competition in the 3rd quarter, and also placed it #3 among all sedans sold on the US market. Wall Street’s interpretation: “Tesla Model 3 is a failure. As ivory tower Wall Street analysts, we expected Model 3 luxury revenue to be double the revenue of any other sedan at this time.”
Before we begin, I wanted to give an update for Elon Musk on the Tesla Model A my youngest daughter designed.