Tesla Bears Prove Easy Q3 Math Is Hard
Congrats to Elon and the workers at Tesla for a record setting Q3, by almost every measure. I’ll cover below what I feel are some of the financial highlights.
Congrats to Elon and the workers at Tesla for a record setting Q3, by almost every measure. I’ll cover below what I feel are some of the financial highlights.
Get Jeda sent us a Jeda Wireless Pad V3 and Jeda USB Hub for review in my Model 3 (pre June 2020). Photos are from the Get Jeda website or from the author.
As part of Tesla’s Battery Day festivities, a bold plan was revealed. Tesla will start producing its own batteries by ramping up its new 4680 battery “pilot” factory. Tesla aims to reach 100 GWh of its own production by 2022 — in addition to whatever batteries it can source from Panasonic, LG Chem, and CATL.
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.