Tesla shares climb to record, boosted by 64% pop since Trump election victory

cnbc.com

4 points·donsupreme··3 comments

I've been pretty skeptical that Tesla should be valued more than all other automakers combined. I always figured that Toyota could just turn on their manufacturing prowess to make EVs, and start cranking them out. But this is looking less likely as time goes on. The next 5 years will much more interesting for the legacy automakers than I would have thought. Kudos to those of you with the insight to figure this out long before me. Who will be the top 3 automakers of 2035? BYD, Tesla, ???

https://electrek.co/2024/12/06/toyota-delaying-launch-next-w...

No. People have been predicting the demise of the so called "legacy" car companies for a long time. But they're car companies. They sell cars. They make a profit:

https://companiesmarketcap.com/automakers/most-profitable-au...

Tesla's sales are down, deliveries are down, and market share is down:

https://www.bbc.com/news/business-68715906

https://electrek.co/2024/08/13/tesla-doing-well-china-but-sa...

https://www.theregister.com/2024/07/18/tesla_sales_market_sh...

https://www.cbtnews.com/teslas-leasing-push-aims-to-offset-u...

Tesla's US EV market share is now below 50%:

https://www.eia.gov/todayinenergy/detail.php?id=63904

https://caredge.com/guides/electric-vehicle-market-share-and...

It will keep falling.

Well Tesla is not valued as a automaker so the number of cars they produce have never been tied to the stock price.

BYD will sell 2,2x more cars in 2024 and is growing, its valued at less then 10% of Tesla thats is stagnant as a car company.

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