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Tesla passes GM as the Largest Capitalized US Auto Company

Media_Truth

Media_Truth

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Tesla capitalization at $54 billion, GM at $52 Billion.

Unavailable - Fidelity Investments

Tesla stock has jumped 18% to $300.32 after the company turned a surprise profit. With 179 million shares outstanding, that leaves Tesla with a market cap of nearly $54 billion dollars. At Wednesday's closing price of $254.68, Tesla was worth just under $46 billion.

General Motors ( GM ) stock has dropped 0.4% to $36.45 in after-hours trading -- blame Ford Motor ( F ) , which cut its earnings guidance. At that price, GM is worth just over $52 billion. Ford is worth nearly $36 billion after dropping 2.6% to $8.97 in after-hours trading.
 
Media_Truth said:
Tesla capitalization at $54 billion, GM at $52 Billion.

Unavailable - Fidelity Investments

Tesla stock has jumped 18% to $300.32 after the company turned a surprise profit. With 179 million shares outstanding, that leaves Tesla with a market cap of nearly $54 billion dollars. At Wednesday's closing price of $254.68, Tesla was worth just under $46 billion.

General Motors ( GM ) stock has dropped 0.4% to $36.45 in after-hours trading -- blame Ford Motor ( F ) , which cut its earnings guidance. At that price, GM is worth just over $52 billion. Ford is worth nearly $36 billion after dropping 2.6% to $8.97 in after-hours trading.
Click to expand...

Keywords on: surprise profit, which meant that analysts werent expecting Tesla to make any. Then again, it was one quarter, so we'll have to see if the company can sustain it to become an annual thing. I wont hold my breath though.
 
PoS said:
Keywords on: surprise profit, which meant that analysts werent expecting Tesla to make any. Then again, it was one quarter, so we'll have to see if the company can sustain it to become an annual thing. I wont hold my breath though.
Click to expand...

But they did. Despite it being 'unexpected'. Possibly because of the obvious developments: electric and hybrid cars are the future. Keep holding that breath though...
 
uptower said:
But they did. Despite it being 'unexpected'. Possibly because of the obvious developments: electric and hybrid cars are the future. Keep holding that breath though...
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Wrong. Tesla's "profit" in the last quarter didnt come from e-car sales, but from cost cutting and emissions credits.

Tesla is profitable again. How long will it last this time? - MarketWatch

In fact Tesla's sales are down. So it's pretty certain you have no idea what youre talking about.

Tesla Down Almost 10% in 2019 Despite Model 3 Cracking Top 5 in Sedan Sales - TheStreet
Tesla Sales Down For Q1 2019, But The Situation Is Far From Dire
 
Media_Truth said:
Tesla capitalization at $54 billion, GM at $52 Billion.

Unavailable - Fidelity Investments

Tesla stock has jumped 18% to $300.32 after the company turned a surprise profit. With 179 million shares outstanding, that leaves Tesla with a market cap of nearly $54 billion dollars. At Wednesday's closing price of $254.68, Tesla was worth just under $46 billion.

General Motors ( GM ) stock has dropped 0.4% to $36.45 in after-hours trading -- blame Ford Motor ( F ) , which cut its earnings guidance. At that price, GM is worth just over $52 billion. Ford is worth nearly $36 billion after dropping 2.6% to $8.97 in after-hours trading.
Click to expand...

GM just came off a strike, and will stand to lose about 4 billion this year.

Tesla made about a 193 million dollar profit because the company sold almost 200 million dollars worth of carbon credits.
 
Media_Truth said:
Tesla capitalization at $54 billion, GM at $52 Billion.

Unavailable - Fidelity Investments

Tesla stock has jumped 18% to $300.32 after the company turned a surprise profit. With 179 million shares outstanding, that leaves Tesla with a market cap of nearly $54 billion dollars. At Wednesday's closing price of $254.68, Tesla was worth just under $46 billion.

General Motors ( GM ) stock has dropped 0.4% to $36.45 in after-hours trading -- blame Ford Motor ( F ) , which cut its earnings guidance. At that price, GM is worth just over $52 billion. Ford is worth nearly $36 billion after dropping 2.6% to $8.97 in after-hours trading.
Click to expand...

Electric cars can also soon be price competitive with fossil fuels cars.

Electric cars will be price competitive with petrol by 2023: Professor
 
"Tesla Inc. chief executive officer Elon Musk said he shifted resources from the solar company he bought three years ago to save his electric-car company from bankruptcy while it was ramping up production of the Model 3." Elon Musk Says Shifting SolarCity Workers Helped Tesla Stay Afloat

__________________

Not surprising since I expect their solar company to face a mandatory recall of all its panels.

Buried further in the article:

"Tesla now has roughly 400,000 solar customers, one of the U.S.’s biggest renewable-energy portfolios. But Walmart Inc. sued Tesla in August, saying the company’s rooftop panel systems caused fires at their stores and warehouses. Tesla has also reached out to homeowners across the U.S. to tell them their solar systems need preventative maintenance."
 
Drawdown said:
"Tesla Inc. chief executive officer Elon Musk said he shifted resources from the solar company he bought three years ago to save his electric-car company from bankruptcy while it was ramping up production of the Model 3." Elon Musk Says Shifting SolarCity Workers Helped Tesla Stay Afloat

__________________

Not surprising since I expect their solar company to face a mandatory recall of all its panels.

Buried further in the article:

"Tesla now has roughly 400,000 solar customers, one of the U.S.’s biggest renewable-energy portfolios. But Walmart Inc. sued Tesla in August, saying the company’s rooftop panel systems caused fires at their stores and warehouses. Tesla has also reached out to homeowners across the U.S. to tell them their solar systems need preventative maintenance."
Click to expand...

Tesla is also now under investigation by the Feds due to lots of complaints and fatal battery fires, too.
 
PoS said:
Keywords on: surprise profit, which meant that analysts werent expecting Tesla to make any. Then again, it was one quarter, so we'll have to see if the company can sustain it to become an annual thing. I wont hold my breath though.
Click to expand...

I don't think he has a clue of why the markets do what they do.
 
PoS said:
Tesla is also now under investigation by the Feds due to lots of complaints and fatal battery fires, too.
Click to expand...

Tesla made improvements in 2013. There have been a few fires since then. All have been during crashes. Funny how nobody questions fires and explosions in gasoline driven cars, which are quite common, in conjunction with crashes.

Tesla fires since 2013 listed | Autoblog

Following a series of fires in 2013, Tesla began outfitting new cars with a triple underbody shield to bring the risk of fire down to "virtually zero," according to a March 2014 blog post written by Chief Executive Elon Musk.

Here is a list of known incidents of Tesla vehicles catching fire since 2013:
 
PoS said:
Tesla is also now under investigation by the Feds due to lots of complaints and fatal battery fires, too.
Click to expand...

I wonder how many electric cars are having such issues vs. deadly problems with IC cars?
 
Media_Truth said:
Tesla made improvements in 2013. There have been a few fires since then. All have been during crashes. Funny how nobody questions fires and explosions in gasoline driven cars, which are quite common, in conjunction with crashes.

Tesla fires since 2013 listed | Autoblog

Following a series of fires in 2013, Tesla began outfitting new cars with a triple underbody shield to bring the risk of fire down to "virtually zero," according to a March 2014 blog post written by Chief Executive Elon Musk.

Here is a list of known incidents of Tesla vehicles catching fire since 2013:
Click to expand...

Sounds like none of the injuries were related to the fires, but that the fires were cause by the same crashes that caused the injuries.
 
Lord of Planar said:
Sounds like none of the injuries were related to the fires, but that the fires were cause by the same crashes that caused the injuries.
Click to expand...

It will be difficult for any technology to eliminate fires completely, during or after a crash. A lot of components, and their associated software, can become dysfunctional. The key here is that it is 5x more likely that a fire develop in a gasoline-powered car. Electric cars are an improvement.
 
Media_Truth said:
Tesla made improvements in 2013. There have been a few fires since then. All have been during crashes. Funny how nobody questions fires and explosions in gasoline driven cars, which are quite common, in conjunction with crashes.

Tesla fires since 2013 listed | Autoblog

Following a series of fires in 2013, Tesla began outfitting new cars with a triple underbody shield to bring the risk of fire down to "virtually zero," according to a March 2014 blog post written by Chief Executive Elon Musk.

Here is a list of known incidents of Tesla vehicles catching fire since 2013:
Click to expand...

A man died in a burning Tesla because its futuristic doors wouldn’t open, lawsuit alleges
One man died when the doors wouldnt open, and he was burned alive. What kind of ICE car can do that?

Also, people are complaining about the battery. One man said after a software update his Tesla was only getting 30 miles per charge.
 
PoS said:
A man died in a burning Tesla because its futuristic doors wouldn’t open, lawsuit alleges
One man died when the doors wouldnt open, and he was burned alive. What kind of ICE car can do that?

Also, people are complaining about the battery. One man said after a software update his Tesla was only getting 30 miles per charge.
Click to expand...

Gasoline-powered cars can do that, and much more. "5x more likely to catch fire"...

Are you going to post all the problems with gasoline powered cars - "ZERO miles with a fuel injection problem"...
 
Media_Truth said:
Tesla capitalization at $54 billion, GM at $52 Billion.

Unavailable - Fidelity Investments

Tesla stock has jumped 18% to $300.32 after the company turned a surprise profit. With 179 million shares outstanding, that leaves Tesla with a market cap of nearly $54 billion dollars. At Wednesday's closing price of $254.68, Tesla was worth just under $46 billion.

General Motors ( GM ) stock has dropped 0.4% to $36.45 in after-hours trading -- blame Ford Motor ( F ) , which cut its earnings guidance. At that price, GM is worth just over $52 billion. Ford is worth nearly $36 billion after dropping 2.6% to $8.97 in after-hours trading.
Click to expand...

Does that mean we have more rich folks who can afford these vehicles?
 
Lovebug said:
Does that mean we have more rich folks who can afford these vehicles?
Click to expand...

The Model 3 starts at $36,200, which is competetive with other new vehicles, and in reality, you are getting a luxury car. There also may be State and Federal tax credits. The purchaser will save enough in fuel costs and maintenance to come out way ahead.

2019 Tesla Model 3 Review, Pricing, and Specs
 
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Media_Truth said:
Gasoline-powered cars can do that, and much more. "5x more likely to catch fire"...

Are you going to post all the problems with gasoline powered cars - "ZERO miles with a fuel injection problem"...
Click to expand...

Well I dont know of any ICE cars that will keep their doors locked when a fire starts. For a car with a few hundred thousand vehicles on the road, the Tesla sure gets a lot of complaints.
 
PoS said:
A man died in a burning Tesla because its futuristic doors wouldn’t open, lawsuit alleges
One man died when the doors wouldnt open, and he was burned alive. What kind of ICE car can do that?

Also, people are complaining about the battery. One man said after a software update his Tesla was only getting 30 miles per charge.
Click to expand...

There are several incidents of the same for IC cars. It happens because the car crashes, and the door jams up. Are you saying they don't have a manual latch?
 
PoS said:
Well I dont know of any ICE cars that will keep their doors locked when a fire starts. For a car with a few hundred thousand vehicles on the road, the Tesla sure gets a lot of complaints.
Click to expand...

I article says the outside handles retract in. This guy was already badly hurt since he couldn't open it from the inside, and I'll bet it took a toot to open the door anyway, like "the jaws of life." The force of the accident probably jammed the door too.

The article doesn't have enough details.
 
PoS said:
Well I dont know of any ICE cars that will keep their doors locked when a fire starts. For a car with a few hundred thousand vehicles on the road, the Tesla sure gets a lot of complaints.
Click to expand...

Yes, ICE manufacturers have similar door locks.

Fiery Tesla crash with trapped driver puts focus on vehicle door locks | Autoblog

Setting door mechanism functionality aside, automatic locking and unlocking systems are another pivotal component of manufacturers' accident response strategies. Many cars automatically lock the doors when you drive away now, because a car is more structurally sound in accidents with the doors locked.

Like you, the media likes to pick on Tesla, while traditional cars have much worse safety records - did I mention that ICE cars have 5x the chance of catching fire? Tesla is cooperating with investigators, and will probably make adjustments. Will that set the stage for other automakers to make the same changes? Will the Tesla scrutiny improve all autos?
 
Media_Truth said:
Yes, ICE manufacturers have similar door locks.

Fiery Tesla crash with trapped driver puts focus on vehicle door locks | Autoblog

Setting door mechanism functionality aside, automatic locking and unlocking systems are another pivotal component of manufacturers' accident response strategies. Many cars automatically lock the doors when you drive away now, because a car is more structurally sound in accidents with the doors locked.

Like you, the media likes to pick on Tesla, while traditional cars have much worse safety records - did I mention that ICE cars have 5x the chance of catching fire? Tesla is cooperating with investigators, and will probably make adjustments. Will that set the stage for other automakers to make the same changes? Will the Tesla scrutiny improve all autos?
Click to expand...

Yep.

My Sedan has automatic door locks. In a crash, I can open it from the inside, but not the outside.

I think we found something we actually agree on...
 
In the Tesla crash, why didn't they break the window and open it from the inside latch?
 
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