I'm don't get why people care about market cap, but for what it's worth, tesla sits at about 2-3x those two companies combined. And panasonic is "just" a 20 billion dollar market cap company.
Why do people care about market cap? Because it shows mindshare. It shows what people care about and where investments should go, preorders, a lot of that stuff.
Plus market cap can be converted into money (not 1:1, but still).
Now, when it fell about 50%. I was just behind the news.
At a certain point this graph was true: https://wolfstreet.com/wp-content/uploads/2021/10/US-Tesla-m...
Which was just insane.
Why do people care about market cap? Because it shows mindshare. It shows what people care about and where investments should go, preorders, a lot of that stuff.
Plus market cap can be converted into money (not 1:1, but still).