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Tesla hits $1 trillion market cap for the first time after Hertz says it will buy 100,000 electric vehicles

Bucky

Bucky

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Questerr said:
A single company has as much wealth as almost an entire continent and people wonder why socialism is surging in popularity.
Click to expand...
Nonsense, the land value of the United States alone is estimated to be in excess of $23T. "Market capital" is not a terribly precise nor meaningful measure of "wealth" and it's certainly nowhere near as impactful as other forms of wealth e.g. land and liquid currency.
Bucky said:
www.cnbc.com

Tesla hits $1 trillion market cap for the first time after Hertz says it will buy 100,000 electric vehicles

News of the deal brought Tesla's stock to a record high, the second straight trading day the shares have hit a new high.
www.cnbc.com www.cnbc.com

No suprise. The shorts for Tesla continue to burn. Why do people evaluate Tesla as a car company instead of an energy company? Tesla, Hertz and Tom Brady all hit a home run today and they ****in deserve it. Tesla and Hertz stock are through the roof.
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Tesla's share price is sufficient proof that it is being evaluated as anything but a car company. I personally am fine with that.
 
But, but, but, but we can't replace oil. The gop may want to live in the fifties but no matter how much they kick and scream, progress won't stop for them. Sooner or later it will dawn on them.
 
phoenix2020 said:
Nonsense, the land value of the United States alone is estimated to be in excess of $23T. "Market capital" is not a terribly precise nor meaningful measure of "wealth" and it's certainly nowhere near as impactful as other forms of wealth e.g. land and liquid currency.

Tesla's share price is sufficient proof that it is being evaluated as anything but a car company. I personally am fine with that.
Click to expand...

The GDP of the entire continent of Africa (you know, the place where Musk’s family owned an emerald mine that used de facto slave labor) is $2 trillion.

Tesla is valued at over half the value of an entire continent.
 
Bucky said:
www.cnbc.com

Tesla hits $1 trillion market cap for the first time after Hertz says it will buy 100,000 electric vehicles

News of the deal brought Tesla's stock to a record high, the second straight trading day the shares have hit a new high.
www.cnbc.com www.cnbc.com

No suprise. The shorts for Tesla continue to burn. Why do people evaluate Tesla as a car company instead of an energy company? Tesla, Hertz and Tom Brady all hit a home run today and they ****in deserve it. Tesla and Hertz stock are through the roof.
Click to expand...

It's not just Tesla, though.

The entire market is again in record new territory.

www.cnbc.com

Dow, S&P 500 close at records ahead of Big Tech earnings, Tesla jumps 12% to top $1 trillion

U.S. stocks rose to record highs on Monday as investors prepared for a major week of earnings from heavyweight tech companies.
www.cnbc.com www.cnbc.com
 
Questerr said:
The GDP of the entire continent of Africa (you know, the place where Musk’s family owned an emerald mine that used de facto slave labor) is $2 trillion.

Tesla is valued at over half the value of an entire continent.
Click to expand...
What is the total land value of Africa? Plus the total value of all the people in Africa? Plus the total value of all its mineral wealth? Plus the value of its brand, its infrastructure and its potential? You're comparing income to wealth. Please try to understand the difference and compare apples to apples. I'm not disagreeing about the basic issue of inequity but if you're trying to make an argument based on data, you need to start with the right data. "Tesla is valued at over half the value of Africa" is factually incorrect.
 
phoenix2020 said:
What is the total land value of Africa? You're comparing income to wealth. Please try to understand the difference and compare apples to apples. I'm not disagreeing about the basic issue of inequity but if you're trying to make an argument based on data, you need to start with the right data.
Click to expand...

GDP is wealth. I’m comparing wealth to wealth.

The productive value of Tesla is worth over half of the productive value of the entire continent of Africa.
 
Questerr said:
GDP is wealth. I’m comparing wealth to wealth.

The productive value of Tesla is worth over half of the productive value of the entire continent of Africa.
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GDP is not wealth. You will need to learn what GDP actually means before we can go further.
 
Questerr said:
GDP is wealth. I’m comparing wealth to wealth.

The productive value of Tesla is worth over half of the productive value of the entire continent of Africa.
Click to expand...
Based on this link, a better comparison would be market cap to market cap.

Based on this, Tesla's market cap is greater than the combined market cap of the top 250 companies based in Africa. That's a more compelling argument for your case, and a better definition of the issue, than "Tesla is worth half as much as Africa!!"

african.business

Africa's Top Companies - African Business

African Business Dossier: See who's moved up and down in the rankings in our annual survey of Africa's biggest companies.
african.business african.business
 
phoenix2020 said:
What is the total land value of Africa? You're comparing income to wealth. Please try to understand the difference and compare apples to apples. I'm not disagreeing about the basic issue of inequity but if you're trying to make an argument based on data, you need to start with the right data. "Tesla is valued at over half the value of Africa" is factually incorrect.
Click to expand...
I mean, Amazon made $113,000,000,000 in revenue so far in 2021. Germany pulled in $245,712,000,000 USD in tax revenue so far in 2021. That's more than a third of one of the largest country's in Europe's tax revenue. Literally a nation that's a nuclear power. That might be a better comparison.
 
Nomad4Ever said:
I mean, Amazon made $113,000,000,000 in revenue so far in 2021. Germany pulled in $245,712,000,000 USD in tax revenue so far in 2021. That's more than a third of one of the largest country's in Europe's tax revenue. Literally a nation that's a nuclear power. That might be a better comparison.
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That's an interesting comparison - it really goes to show the sheer size of government institutions...
 
phoenix2020 said:
Based on this link, a better comparison would be market cap to market cap.

Based on this, Tesla's market cap is greater than the combined market cap of the top 250 companies based in Africa. That's a more compelling argument for your case, and a better definition of the issue, than "Tesla is worth half as much as Africa!!"

african.business

Africa's Top Companies - African Business

African Business Dossier: See who's moved up and down in the rankings in our annual survey of Africa's biggest companies.
african.business african.business
Click to expand...

Except African businesses don’t do all of their business *in Africa*.
 
Buckeyes85 said:
That can't be.
Trumpers swore a nose dive would occur immediately if Biden got elected.
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I can't even remember how many record highs this year, but it's been a bunch. And, none of the Trumpian hair-raising crashes!
 
Questerr said:
“Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period”

en.m.wikipedia.org

Gross domestic product - Wikipedia

en.m.wikipedia.org en.m.wikipedia.org

GDP is objectively a measure of wealth. The entire reason Economists use it is to track the comparative wealth of different polities.
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Your link says it is value produced over time. This is the definition of income. It is not the same thing as "the value of an entire continent".

No one disagrees that Tesla is an example of extreme inequality, but the particular data you have chosen is not a good illustration of that.
 
Questerr said:
GDP isn’t “income”.
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What is the equivalent gross domestic product of the entity known as Tesla? It sure isn't $1T. Since you're doing the comparison, what is it? The finished value of all goods and services produced by the corporation in a calendar year, yes? You'd agree with that definition? If so, then what's the actual comparison between the entities of 'Tesla' and 'Africa' ?
 
Elmo said:
Your link says it is value produced over time. This is the definition of income. It is not the same thing as "the value of an entire continent".

No one disagrees that Tesla is an example of extreme inequality, but the particular data you have chosen is not a good illustration of that.
Click to expand...

That’s not income. It’s ****ing output.
 
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