Hacker News new | ask | show | jobs
by ehnto 1270 days ago
Another fun example of looking at valuations versus actual real world production and output (real value delivered?): Tesla for a period was valued at a higher market cap than Toyota, the largest auto manufacturer in the world. Consider the real world infrastructure and output of Tesla, and the real world infrastructure and output of Toyota. Toyota is an order of magnitude larger operation.

So for Telsa's valuation to mate with it's real world ambition, it has be aiming to have it's operations as big as Toyota's, great! Being as big as Toyota would put it's market cap at... oh. Less than it currently is.

2 comments

>Tesla for a period was valued at a higher market cap than Toyota, the largest auto manufacturer in the world.

Tesla is still valued higher than Toyota, Honda, GM, and Ford combined.

Something is broken.

That's not true. You are looking at market cap when you should be looking at enterprise value. Toyota is $350 billion and TSLA is $380 billion.
Some post-Christmas humour: the other day, Cathie Wood said Tesla will go to $7000/share within five years. I am not making this up.
They earn more profit than Toyota and have a ton of unbooked FSD revenue they can't book but could pay out as dividends if they want--apparently they never have to deliver in the average lifetime of the cars that came with it.