Tesla now biggest (most valuable) car company in the world

unkel

In market cap. That's the total value of all outstanding shares at todays share price. In other words, what the market reckons the company is worth

A year ago Toyota was worth nearly 10 times as much as Tesla, today is a very different story

Interesting times we live in!

Linky

DrSpongeBobz

sad

swarlb

DrSpongeBobz wrote: »

sad

I don't think it's sad at all... in many ways it's meaningless.... like putting a value on the Mona Lisa, it's both priceless and worthless at the same time..

If 10 random people were to go out to buy a car tomorrow, chances are it wouldn't be a Tesla.... same for 100, or may even a 1000...

Toyotafanboi

unkel wrote: »

In market cap. That's the total value of all outstanding shares at todays share price.

Misleading thread title IMO. Most valuable, maybe?

mickdw

I wouldnt mind the market value today. That can quickly change.
When they are producing as many cars as toyota or any other major player and doing it consistantly and profitably, you can call them the biggest.

Rodney Bathgate

They must have increased their output significantly over night to have become the biggest car company. That is impressive.

Rodney Bathgate

Wait for Musk to post another dodgy tweet and share price drops 10 - 15 percent.

unkel

swarlb wrote: »

If 10 random people were to go out to buy a car tomorrow, chances are it wouldn't be a Tesla.... same for 100, or may even a 1000...

In Ireland maybe. We are a good few years behind. In more modern countries like Norway or the Netherlands (the latter with smaller incentives than here) the Tesla Model 3 is already the best selling car

swarlb

unkel wrote: »

In Ireland maybe. We are a good few years behind. In more modern countries like Norway or the Netherlands (the latter with smaller incentives than here) the Tesla Model 3 is already the best selling car

It's the best selling model of a particular make, but I'd be a fair guess VW outsells Telsa by a bit of a margin, in Norway, or The Netherlands.....

unkel

swarlb wrote: »

It's the best selling model of a particular make, but I'd be a fair guess VW outsells Telsa by a bit of a margin, in Norway, or The Netherlands.....

Sure. VW and Toyota make about 10 million cars each or something like that. Tesla make less than half a million

For now...

Why do you think the financial world reckons Tesla is worth more than VW or Toyota?

Atlantic Dawn

It's good to see, 15 years ago they didn't have a single car on the road, look at them now. Long may such success be possible.

Rodney Bathgate

unkel wrote: »

In Ireland maybe. We are a good few years behind. In more modern countries like Norway or the Netherlands (the latter with smaller incentives than here) the Tesla Model 3 is already the best selling car

Best selling car or best selling Tesla car?

Rodney Bathgate

unkel wrote: »

Sure. VW and Toyota make about 10 million cars each or something like that. Tesla make less than half a million

For now...

Why do you think the financial world reckons Tesla is worth more than VW or Toyota?

The financial world regularly over values companies and entire sectors, often times companies have never made and will never make a profit. Take it with a large pinch of salt.

unkel

Rodney Bathgate wrote: »

Best selling car or best selling Tesla car?

The best selling car.

And perhaps more significantly. It is also now the best selling vehicle in California, even outselling trucks, that are selling far better than cars in the whole of the USA.

No small feat for what still is a very expensive car. The cheapest Tesla in Ireland is about EUR47k, or EUR57k before subsidies.

swarlb

unkel wrote: »

Sure. VW and Toyota make about 10 million cars each or something like that. Tesla make less than half a million

For now...

Why do you think the financial world reckons Tesla is worth more than VW or Toyota?

Probably on the back of a successful rocket launch recently, more so than the amount of Teslas sold in Scandinavia.
I seem to be aware of a time when 'Ireland' (that backward country that can't compete with clog wearing Dutch) was regarded as one of 'the richest countries on the planet'...... was it not 'the financial world' that made that boast as well ?

btkm8unsl0w5r4

People in Ireland dont realise how well tesla are doing.

selectamatic

unkel wrote: »

And perhaps more significantly. It is also now the best selling vehicle in California, even outselling trucks, that are selling far better than cars in the whole of the USA.

California wouldn't strike me as a hotbed of truck ownership in America tbf...

Class MayDresser

Neighbour showed me his boot in his 3 last week, reminded me of my old man's Universal 445 bonnet back 30 years ago. I did well not to laugh.
They're selling, but the build quality is abysmal. Hopefully Porsche get their act together soon.

unkel

swarlb wrote: »

Probably on the back of a successful rocket launch recently

That was SpaceX. That's a different company than Tesla. But also in minority owned by Elon Musk

farmerval

Is it not a recognition that Tesla is a company of the future with the other "old" car companies possibly having their future behind them.

A simple fact is that maybe similar to high street tends the company that is seen as lean and only manufacturing and selling the sleek and stylish cars of the future unlike their competitors who are carrying massive legacy costs and trying to eke out the last drop from an overcrowded slightly faded market. A bit like an online only fashion retailer like BooHoo or pretty little thing versus Marks and Spencer.

For the record I have never seen Boohoo or pretty little thing's websites, at my age M&S is all there is.

btkm8unsl0w5r4

Class MayDresser wrote: »

Neighbour showed me his boot in his 3 last week, reminded me of my old man's Universal 445 bonnet back 30 years ago. I did well not to laugh.
They're selling, but the build quality is abysmal. Hopefully Porsche get their act together soon.

I hear Skodas have nice big boots. Porsche make a very nice EV already, costs 3 times the tesla but its excellent. Tesla build quality is good these days, read or watch some of the modern reviews.

Look people are quick to judge what they dont know, I encourage anyone to go take a testdrive and see if they are as bad are you thing.

The boot in my model 3 is plenty big for a car its size and its got another one in the front. Maybe your neighbour got the small boot version. He is a stupid idiot with his new car, you should have laughed in his stupid face, with his stupid fancy milk-float car. Your car is much better.

Class MayDresser

Malakai Tasteless Weekday wrote: »

I hear Skodas have nice big boots. Porsche make a very nice EV already, costs 3 times the tesla but its excellent. Tesla build quality is good these days, read or watch some of the modern reviews.

Look people are quick to judge what they dont know, I encourage anyone to go take a testdrive and see if they are as bad are you thing.

The boot in my model 3 is plenty big for a car its size and its got another one in the front. Maybe your neighbour got the small boot version. He is a stupid idiot with his new car, you should have laughed in his stupid face, with his stupid fancy milk-float car. Your car is much better.

That's quite the leap, he's a director of a private company. Not an idiot in any sense.
I don't begrudge him or you your Model 3 or S. I applaud him for asking a bold choice, his 172 Leaf hasn't moved since he bought the Tesla 5 months ago. Tells a lot about their marketplace. More power to them, I won't be buying one.

btkm8unsl0w5r4

Class MayDresser wrote: »

That's quite the leap, he's a director of a private company. Not an idiot in any sense.
I don't begrudge him or you your Model 3 or S. I applaud him for taking a bold choice, his 172 Leaf hasn't moved since he bought the Tesla 5 months ago. Tells a lot about their marketplace. More power to them, I won't be buying one.

Have you driven one?

Flickerfusion

Tech bubble stuff. Whole thing could be wiped out as quickly again as it’s nothing but stock market sentiment.

Outkast_IRE

Tesla is doing well - no doubt about it. It is here to stay. But a valuation greater than Toyota ?

Its share price at the moment reads like a pump and dump scheme , just at a grand level. With tonnes of small investors using the likes of Degiro to try and get on the wagon. But the big boys will be the first off when they decide to exit with their profits and will crash the price.

What does the price crashing mean in reality - Very little if you bought low , if you bought high then you are looking at a long timeline to recovery unless you jump during the next temporary rise.

I trade shares regularly and if you got in on Tesla early Kudos, if you are trying to join the party recently get out , or wait till it drops significantly again.

I love EVs.
But the amount of post the OP has about teslas is embarrassing at this stage.
Every thread in the EV forum is ruined with "you could buy a Tesla for that".
Before he bought the Tesla it was "you could buy a ioniq for that".
You have a Tesla,we know.Give it a rest man.

Class MayDresser

Malakai Tasteless Weekday wrote: »

Have you driven one?

No, I'm waiting for this Covid19 to blow over completely, he has me down for a test drive. Its the all wheel drive so I'm looking forward to it. Might sing a different tune then, but that front boot popping open was pretty poor.

btkm8unsl0w5r4

Class MayDresser wrote: »

No, I'm waiting for this Covid19 to blow over completely, he has me down for a test drive. Its the all wheel drive so I'm looking forward to it. Might sing a different tune then, but that front boot popping open was pretty poor.

I was the same, hated tesla and what it stood for. In my mind the death of my beloved ICE cars. Test drive it and within 500m I was totally sold. They are not perfect but they and amazing machines. Tesla unlike other tech companies is actually producing physiscal products that people seem to love.

I have friends that just refuse to testdrive cause they know it will ruin them.

Class MayDresser

Exactly that. Wouldn't mind but his neighbour has a 300+ bhp 645 in his drive, the 3 still gets the "who's car is that?" Changing of the guard, pity Porsche haven't come up with their "3" yet.

tossy

Porsche will come up with their 3 but it will be above tesla in the price range, there will be other options in that price range when everyone gets on the bandwagon.

I still think (personal opinion and not a slight at EV owners) that the EV will be the Mini disc of the car world - hailed as the future but ended up with a very short shelf life as it was quickly replaced by a better alternative. (although from a professional point of view Mini discs were amazing )

I've no doubt Teslas are amazing and i always find how owners of other cars get so offended by someone liking one/buying one or how fan boy-ish Tesla owners can be, we all like different flavours of the same thing.

There is however an EV forum, Unkel can come back and post here when he's back to being appalled that people didn't buy V8s

biko

Offtopic posts removed.
Report posts you have issue with and the moderators will take appropriate action.

Title amended

vandriver

Was....

Rodney Bathgate

Same poster was proposing a fuel tax increase last week. He reckons we can all ‘buy a Nissan Leaf from not much more than €3-4k’.

mk7r

Malakai Tasteless Weekday wrote: »

I hear Skodas have nice big boots. Porsche make a very nice EV already, costs 3 times the tesla but its excellent. Tesla build quality is good these days, read or watch some of the modern reviews.

Look people are quick to judge what they dont know, I encourage anyone to go take a testdrive and see if they are as bad are you thing.

The boot in my model 3 is plenty big for a car its size and its got another one in the front. Maybe your neighbour got the small boot version. He is a stupid idiot with his new car, you should have laughed in his stupid face, with his stupid fancy milk-float car. Your car is much better.

It's better than it was but its far far away from good unfortunately. But they will get better over time for sure.
I love them and the performance is outstanding but even my rose tinted glasses can see their flaws

Eric Cartman

Tesla and other 'tech' companies are wildly overvalued at present, every day Bloomberg, wall street journal etc.. talking about how the stock market is completely detached from reality at present. The financial fundamentals just aren't there for Tesla. Valuable - yes, that valuable - no.

btkm8unsl0w5r4

Class MayDresser wrote: »

Exactly that. Wouldn't mind but his neighbour has a 300+ bhp 645 in his drive, the 3 still gets the "who's car is that?" Changing of the guard, pity Porsche haven't come up with their "3" yet.

I had a v8 645ci back in the day. A barge of a car, horrid handling and performance was sluggish. Made nice noise. Its just new technology, out with the old and all that. Sad to see it go, but you just cant look past the advantages.

fricatus

BrownFinger wrote: »

I love EVs.
But the amount of post the OP has about teslas is embarrassing at this stage.
Every thread in the EV forum is ruined with "you could buy a Tesla for that".
Before he bought the Tesla it was "you could buy a ioniq for that".
You have a Tesla,we know.Give it a rest man.

Rodney Bathgate wrote: »

Same poster was proposing a fuel tax increase last week. He reckons we can all ‘buy a Nissan Leaf from not much more than €3-4k’.

As David McWilliams is fond of saying "you only get the flak when you're over the target"

Tesla (and EVs generally) are the future. Fossil cars are on the way out, and while I can understand people not being happy about that because they love V8s, let's face it, it's not really that much of a tragedy that the bulk of the ordinary-Joe motoring world, i.e. people who today buy Octavias, Focuses and Tucsons, will switch to electric over the next ten years.

Guy:Incognito

Flickerfusion wrote: »

Tech bubble stuff. Whole thing could be wiped out as quickly again as it’s nothing but stock market sentiment.

You mean like if Elon decides to tweet something to make the stock price temporarily dive so he can avoid a tax bill?

Edit: clearly forgot the word again

swarlb

fricatus wrote: »

As David McWilliams is fond of saying "you only get the flak when you're over the target"

Tesla (and EVs generally) are the future. Fossil cars are on the way out, and while I can understand people not being happy about that because they love V8s, let's face it, it's not really that much of a tragedy that the bulk of the ordinary-Joe motoring world, i.e. people who today buy Octavias, Focuses and Tucsons, will switch to electric over the next ten years.

No one knows what the future will bring, although a certainty in the long term will be people wearing face masks in public, in Ireland. Imagine suggesting that to someone down the pub (what's a pub ?) over Christmas 2019.
I'd love an electric car, but I cannot afford one, or to put it another way, I recently bought a very decent little van for €350, DOE'd and taxed. The day I can surf Donedeal and buy a Leaf or something similar for a few hundred quid will be the day I own an EV.
My kids don't drive, and have no interest in learning, as they commute by public transport. At the age they are, they will probably never own a car. I have several friends of my vintage, and their kids are the same, taxies, busses, trains...
Personally I think EV's are simply a compliment to the existing 'car pool', and while they may increase over time, I don't imagine a vast reduction of 'fossil fuel' cars, as they seem to be named these days.
As for a V8, if someone builds one that passes current emissions legislation, they'll be sold.
What I do think is that 'legislation' whether it's the wearing of face masks and standing a few extra feet from others, is 'the future'... and legislation has just as much a chance of allowing a fossil fuelled to be used, as it has an EV to be 'denied'....
Let's wait and see...

The stock market is notoriously irrational
About two months ago Tesla was valued at 1/3 today's price iirc..... Nothing has changed in Tesla for the value to treble.... Few more fanboys on board perhaps waving the wannabe eco warrier flags..... Yawn

LRNM

Wouldn't be caught dead in a Tesla.

Joke of a car.

btkm8unsl0w5r4

Augeo wrote: »

The stock market is notoriously irrational
About two months ago Tesla was valued at 1/3 today's price iirc..... Nothing has changed in Tesla for the value to treble.... Few more fanboys on board perhaps waving the wannabe eco warrier flags..... Yawn

i dont disagree that its overvalued, but they have had several consecutive good quarter returns, opened a new factory in china which is producing cars, shipped a million cars, broke ground on another factory and had record orders and deliveries. The model 3 is taking the world by storm and the model Y will do that again but 3x more. Tesla is delivering on its promises and that along with hype are driving the price, I wouldnt say there is nothing.

LRNM wrote: »

Wouldn't be caught dead in a Tesla.

Joke of a car.

You have changed your tune...what about drive what feels right. Second hand prices are coming down and will be in your pricerange in a few year. They are one of the safest cars you can buy.

LRNM wrote: »

Price doesn't really matter unless you have certain preferences and can afford it. Just go with whatever you feel is right imo.

I'm PS worker on €40k per year. My car cost me 24k and I'm paying it off over 4 years. About €140 a week.
While it's not necessary to buy new or spend over 20k on a car, my preferences are for a good quality car no smaller than a golf/focus/civic size.

Safety is a big factor for me as in my job i see the differences between a newer car and an older small car when they crash.
When we have to put my niece in the car I'd rather put her in the civic than the fiesta.
It's weird, I know. But you'll find everyone has their little things about cars and thats where (if affordable) you shouldn't feel bad about paying for quality.

humberklog

Is there a problem with the phone interface on Tesla?

Whenever I see one about 50% of the time the driver has a phone to their ear.

Rodney Bathgate

There was a post here a few minutes ago where a poster made a smart comment like ‘You can’t afford one.’ The post seems to have disappeared, otherwise I would have reported it. I think the poster may have been a moderator. Low blow. So much for staying civil.

..... I've never encountered any motorist who cared about the share price of their auto brand before.

So fooking strange..... Is Tesla a cult or a sect does anyone know?

Rodney Bathgate

Rodney Bathgate wrote: »

There was a post here a few minutes ago where a poster made a smart comment like ‘You can’t afford one.’ The post seems to have disappeared, otherwise I would have reported it. I think the poster may have been a moderator. Low blow. So much for staying civil.

No one said that.... They said they'll be available in the mentioned price range in a year or so or something along those lines.

Rodney Bathgate

Malakai Tasteless Weekday wrote: »

No I just moved it up.....report away. I think calling a car a joke is worse dont you? and opens the poster to some ridicule. I also put in some context from the chaps previous posts on the forum. Your virtue is duly noted.

Virtue? Yeah, right.

No, seeing some classless ignorant show rubbing someone else’s nose in it annoys me.

He is entitled to think the car is a joke, you aren’t entitled to insult him.

Rodney Bathgate

Augeo wrote: »

No one said that.... They said they'll be available in the mentioned price range in a year or so or something along those lines.

I saw it, the poster deleted or edited the post.

Rodney Bathgate

Malakai Tasteless Weekday wrote: »

I am not really getting you....you having a bad day, you need a hug?

No, I think you should apologise for your ignorant post.

Rodney Bathgate

Malakai Tasteless Weekday wrote: »

I am not really getting you....you having a bad day, you need a hug? I MOVE THE POST UP into my other post so as not to be double posing after myself you should try it. Aslo you left out part of my post in the quote.

I didn’t leave it out, you edited your post. I have reported your post quoting my record.

Ha Long Bay