Pretty wild- the assumption is Tesla's investments make them the guaranteed de facto largest player in the American automobile 10-15 years from now. Otherwise, yeah, why would Tesla possibly be worth more than GM or Ford??I was just watching a news special on Tesla and, according to them, they have not had a single profitable year since they started. How they are worth more money than Ford is astounding to me seeing as they, apparently, are not making a dime. I guess they are financing everything through their stock sales?? How much longer can they afford to keep dumping money into this company without seeing a profit?? I've heard the Model 3 is supposed to be their make or break product, but admittedly, I am trying to get caught up on the company and EV stuff in general.
I'm not knocking Tesla's achievements, the Model S/X, upcoming 3, and the super-charging network, other ventures. But Tesla's stock price seems way out of range.