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Tesla's Market Capitalisation "Briefly" Exceeds BMW's

posted by takyon on Sunday June 11 2017, @04:41PM   Printer-friendly
from the overtaking-in-the-passing-lane dept.

butthurt writes:

A rally in Tesla shares [...] briefly vaulted the company's market capitalization past the German luxury carmaker in early Friday trading. The amount of ground Tesla covered was vast: BMW was valued at a $30 billion premium as of early December.

[...] Short interest represented about one fourth of the shares as of the latest quarterly filing.

—Bloomberg

According to The Drive the three most valuable auto makers are "Toyota, Daimler, and Volkswagen."

Tesla stock sat at $357.32 after market close after trading as high as $376.87 on Friday.

—Silicon Valley Business Journal

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  • (Score: 0) by Anonymous Coward on Sunday June 11 2017, @05:22PM (2 children)

    by Anonymous Coward on Sunday June 11 2017, @05:22PM (#523874)

    The former competition doesn't even exist in this century.

    Ford. Founded 1903. Old. Dinosaur. Irrelevant.

    General Motors. Founded 1908. Old. Dinosaur. Irrelevant.

    Chrysler. Founded 1925. Old. Dinosaur. Irrelevant.

    Tesla. Founded 2003. New. Hip. Relevant.

    • (Score: 1, Insightful) by Anonymous Coward on Sunday June 11 2017, @07:50PM (1 child)

      by Anonymous Coward on Sunday June 11 2017, @07:50PM (#523911)

      PUMP 'n DUMP

      • (Score: 2) by DeathMonkey on Monday June 12 2017, @06:47PM

        by DeathMonkey (1380) on Monday June 12 2017, @06:47PM (#524585) Journal

        If you're pump 'n dump takes 14 years then you're doing something wrong.

  • (Score: 1, Insightful) by Anonymous Coward on Monday June 12 2017, @03:35AM

    by Anonymous Coward on Monday June 12 2017, @03:35AM (#524107)

    Somehow, bull markets have a way of outlasting the shorts. That doesn't make the shorts wrong, just early. But it's not like in school where submitting the quiz early shows you're smart.

  • (Score: 0) by Anonymous Coward on Monday June 12 2017, @01:12PM

    by Anonymous Coward on Monday June 12 2017, @01:12PM (#524363)

    I thought Tesla mostly competed with Edison?

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