Tesla market cap is US$ 1.3 Trillion in comparison to regular car manufacturer it’s ridiculously high

The world leader Toyota has like market cap of 45 billions and other big manufacturer reach similar value. The only exception being the other leading brand on electric car “BYD” with a market cap of 750 billions.

However, even assuming that Tesla stays the leader of electric car, how would it make it more valuable that let’s say Toyota. Especially now that “many of the person who can invest the price of an appartment in a fancy car” did switch to electric, and that the electric market needs to develop the cheap and compact urban car for middle-class person who can’t afford a car above 20 thousands euros (Because to be realistic the era of 10 000 EUR car is over)

I simply can’t understand how Tesla market valuation is so high

  • gedaliyah@lemmy.world
    58·
    14 hours ago

    Here’s a related question… Why is Elon Musk demanding a massive cash salary from the board rather than typical CEO compensation of stock and performance bonuses?

    Likely, he understands that the company is massively overvalued due to his hype machine. He is cashing out before it fails.

    As a plus, by manufacturing animosity between himself and the board, he is preloading the ammunition for when the company fails and discards him. When he leaves, the hype machine leaves with him. The stock will “crash” which really means returning to a sane market valuation. He can easily claim that the failure was due to the board interfering with his genius. The board members either know this, or are his lackies (or both). They will ride the wave along with him as long as they can.

    In essence, we are witnessing the largest pump and dump scheme in history, and it is being done in the open.