SoylentNews is people
SoylentNews
Company founder and CEO Elon Musk may not mention Tesla Motors Inc's (TSLA.O) stock price when his electric car company gives its latest financial update on Wednesday, but it will be front and center for investors divided over its seemingly rich valuation.
After a rally that ended in April, Tesla's market capitalization is currently about $31 billion - equivalent to $620,000 for every car it delivered last year, or $63,000 for every car it hopes to produce in 2020.
By comparison, General Motors Co's (GM.N) $48 billion market value is equivalent to about $4,800 for every vehicle it sold last year.
Tesla's heady valuation - about 125 times the next 12 months of expected earnings - and the implication that shareholders may be overpaying for Musk's small but fast-growing luxury car company have made the stock a favorite of short sellers.
Source: Reuters
(Score: 3, Funny) by tftp on Thursday May 05 2016, @06:14AM
the very fact that they choose such easily confused names as volt and bolt shows GM can't get their marketing shit together.
Don't forget also Chevy Colt, Chevy Dolt and Chevy Jolt :-) Hey, they are all perfectly cromulent model names!