> Today alone, Tesla’s market cap soared by $64 billion in eight hours, including after hours. That’s $8 billion in “value created” per hour.
>In the second quarter, Tesla’s total revenues were $6 billion, down by 5.8% from Q2 last year. Today, its value rose by $8 billion per hour. Over the past four quarters, Tesla’s total revenues were $26 billion. Today, its value rose by $64 billion.
And the same source on the stock split:
> The stock split did the job, based on the logic that a five-dollar bill broken into five ones makes each of those ones suddenly worth $1.16 — or $1.87 if you start counting since the announcement of the split on August 11.
And I think this really puts things into perspective:
> Tesla’s shares are now valued at about 20 times annual revenues. [...] In terms of market cap, this makes Tesla the seventh most valuable US company – not counting Alibaba.
A car company that sold just 400K cars in its best year is the seventh most valuable US company. Unbelievable.