• Gerudo@lemm.ee
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    3 hours ago

    Tesla is valued more than every other car company combined, but they sell a fraction of vehicles. You tell me what drives the stock price, it’s sure as shit not sales.

    • Ilovethebomb@lemm.ee
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      3 hours ago

      No they’re not, Tesla has a market cap of 1.13 trillion, and don’t just make vehicles, BYD alone is worth 776 billion. Toyota is around 250 billion.

      They’re big, but not “half the automotive industry” big.