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
People price stocks not just by looking at where the company is today but where they think it’ll be 1/3/5/10 years from now. While Tesla does ship fewer cars than the other manufacturers you mentioned right now, they are growing that number very rapidly, and people anticipate that in an all-electric future they will have enough of a lead that competitors will not be able to catch up.
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