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Thread: Tesla passes GM as the Largest Capitalized US Auto Company

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    Tesla passes GM as the Largest Capitalized US Auto Company

    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.

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    Re: Tesla passes GM as the Largest Capitalized US Auto Company

    Quote Originally Posted by Media_Truth View Post
    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.
    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.

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    Re: Tesla passes GM as the Largest Capitalized US Auto Company

    Quote Originally Posted by PoS View Post
    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.
    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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    Re: Tesla passes GM as the Largest Capitalized US Auto Company

    Quote Originally Posted by uptower View Post
    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...
    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

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    Re: Tesla passes GM as the Largest Capitalized US Auto Company

    Quote Originally Posted by Media_Truth View Post
    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.
    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.
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    Re: Tesla passes GM as the Largest Capitalized US Auto Company

    Quote Originally Posted by Media_Truth View Post
    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.
    Electric cars can also soon be price competitive with fossil fuels cars.

    Electric cars will be price competitive with petrol by 2023: Professor

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    Re: Tesla passes GM as the Largest Capitalized US Auto Company

    "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

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    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."

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    Re: Tesla passes GM as the Largest Capitalized US Auto Company

    Quote Originally Posted by Drawdown View Post
    "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

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    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."
    Tesla is also now under investigation by the Feds due to lots of complaints and fatal battery fires, too.

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    Re: Tesla passes GM as the Largest Capitalized US Auto Company

    Quote Originally Posted by PoS View Post
    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.
    I don't think he has a clue of why the markets do what they do.
    The left says the right is full of racists and bigots and have no tolerance. Nobody from the right organizes interference with gay pride parades, or other leftist events. The left however always has a group interfering with events organized by the right. Who are the tolerant ones I ask? Most certainly not the left.

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    Re: Tesla passes GM as the Largest Capitalized US Auto Company

    Quote Originally Posted by Bergslagstroll View Post
    Electric cars can also soon be price competitive with fossil fuels cars.

    Electric cars will be price competitive with petrol by 2023: Professor
    I doubt that will be true.
    The left says the right is full of racists and bigots and have no tolerance. Nobody from the right organizes interference with gay pride parades, or other leftist events. The left however always has a group interfering with events organized by the right. Who are the tolerant ones I ask? Most certainly not the left.

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