Tesla, with a market capitalization of $1.137 Trillion at the close of trading on Friday, November 19, 2021, is worth more than GM, Ford, Honda, Toyota, BMW, Daimler Benz, VW COMBINED. 45% more.
Add in the value of Nisan, Hyundai, and Stellantis, which owns Fiat, Chrysler, Jeep, Maserati, Alfa Romeo, and other brands, and Tesla is still worth 25.8 % more than the rest of the major auto companies. See Table 1.
More surprising is that Tesla, is worth 39% more than Exxon Mobil, Shell, Conoco Philips, Chevron Texaco, and BP Amoco combined. See Table 2.
Arguably, Toyota set the stage for energy efficiency with the 1997 launch of the Prius (click here). And Fisker, launched in 2007, could have been Tesla. Coupled with the fact that other car companies are introducing electric vehicles, including the Chevy Bolt, the Ford Mustang Mach-e and the Ford F-150 Lightning, the Fisker Ocean, etc. it is clear that with Tesla, Elon Musk has changed the world.
Continue reading
Deepwater Drilling Offshore of the US yields oil at $57 per barrel (see