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by wrsh07 1088 days ago
They're literally responding to someone commenting about stock price

Tesla sales growth currently seems limited by their ability to produce, so that's fairly bullish

Market cap isn't meaningless, though. Neither is debt. Market cap should be a function of assets, so presumably if Toyota had as little debt as Tesla it would be ~480b market cap.

Why is Tesla higher? It has a better story (not saying I buy it, but at least I can explain it!):

Better self driving prospects (data + compute), licensing charger design, huge growth numbers
2 comments
FireBeyond 1087 days ago
At one point, Tesla was worth more than: Toyota, Volkwagen Group, Hyundai/Kia, General Motors, Ford, Nissan, Honda, Fiat Chrysler, Renault, Suzuki, Daimler, BMW, Mazda and Mitsubishi combined. (Plus several Chinese manufacturers: SAID, Geely, Changan, Dongfeng).

I'd love anyone to justify that with a straight face.

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wrsh07 1084 days ago
The justification is simple but you won't like it: retail investors enjoy owning Tesla more than they enjoy owning any of those other stocks

There are lots of reasons for that enjoyment, but I'm not sure they matter

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YetAnotherNick 1080 days ago
Tesla is the only company significantly ahead of its competition in technical specification.
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martin8412 1087 days ago
Well no.. They don't have better self driving prospects. Tesla claimed in 2016 that the driver was only in the seat for regulatory reasons. We're now in 2023 and Tesla is still only level 2, nowhere near autonomous driving.
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