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by oblio
1314 days ago
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> tesla sits at about 2-3x those two companies combined 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). |
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