i think Tesla cars are pretty cool. especially the S model. however i am scratching my head over its valuation.
Tesla is valued at around $31 Billion
GM at around $50 Billion
Tesla will deliver around 50,000 cars this year. an article today said it is predicting that it will sell around 500,000 "by the end of the decade" whatever that means, 2019, 2020?
It has been reported that Tesla loses about $4,000 per model S. there accounting is complicated but they are hugely benefited by various tax credits that both it and its customers receive. big dollars for both.
GM sells around 10,000,000 cars in 2014. so it is valued at around $5,000 a car sold using a simplistic metric
Tesla is being valued at $600,000 a car on current volume and $60,000 on projected volume maybe 5 years in the future
now Tesla is cool and GM is not cool but does this make sense?
Saturday, August 15, 2015
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