I dont have the exact numbers, but I read that
VW sold about 12 million cars last year,
Mercedes over 2 million,
Tesla less than 1 million.
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How can there be suge a huge difference in the worth of these companies?
In: 0
Eli5:
You have a sports card of an athlete who is very good after a few years.
The value of the card is 10 dollar but every year, the value goes up because more people know the player.
So next year, they predict he is that good so the value will go to 15 dollars. In the mean time, the player has been in movies and TV shows that were very popular so now everyone see him as cool but also as a hollywood star, so even if as a player, he should be worth 15, way too many people just want to have his card to say they have it, others like to take this into account and think the value could tripple so they also want the card. By the time next year hits, it is worth 30$ and the value is still expected to rise. Even if player doing what he does are valued at 15$..
Rince and repeat.
Tesla is making strides and gaining value but all the stunts Elon Musk is pulling and the fact is it branded as the first to mainstream full electric cars with autopilots and as a status symbol makes it so those who can’t afford a Tesla will buy shares just to say they have something Tesla and others see it as going to the moon(basically a runaway stock who will still make money for one more year.. every year).
That value is a mix of speculation and status at this point.
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