Tesla has a HUGE gain

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In comparison to its carmaker peers, Tesla is now worth more than the next 15 largest companies combined. Why do you think that has happened?

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Justafantasy · M

Canada is forcing internal combustion out. What about the rest of the world?

I haven't looked at Tesla stock in years, have they turned a profit yet??

carpediem · 61-69, M

@Justafantasy Maybe you need to take a look 👀

Justafantasy · M

@carpediem $ 0.62 earnings per share. Not enough to justify the price IMO

DallasCowboysFan · 61-69, M

@Justafantasy 3.62 per share....1.124 TN in capitalization 96.7 BN in revenue last year.

Maybe it has something to do with the electric cars he sells, the solar roofs, solar panels, electrical storage batteries, internet satellites, X, rocket ships, and he recently announce he might be developing a new smartphone.

https://finance.yahoo.com/quote/TSLA/

Justafantasy · M

@DallasCowboysFan mine was taken off a stock market page. EPS was for the quarter. Still not a value buy.

IronHamster · 56-60, M

@Justafantasy I own a Tesla as my daily driver, and love it, but the EV isn't a universal solution and I detest a fascist government shoving mandates down the throats of its citizens.

Justafantasy · M

@IronHamster I have a 4 hour commute to work that if I were to buy electric I'd have to get into a higher range (more $$$) version and that's for days without needing heat or ac. And then how does battery life handle being parked for a month or two at a time in the Alberta weather??

IronHamster · 56-60, M

@Justafantasy My point exactly. A Hybrid is a better choice in your case. Government mandates aren't going to pay for chargers at each parking place. My Tesla has a range of 350 miles, which is realistically 300 if you are fully charged right before you leave, but the batteries degrade at about 3% per year for the first few years.