Tesla Is Now Bigger Than Ford, GM, And BMW...

Tyler Durden's picture

With today's near 1% rise to a new record high, Tesla just became the 4th largest (by market cap) automaker in the world - surpassing BMW at over $61 billion.

Tesla passed GM and Ford by market cap in April, and now ranks 4th in the world behind Toyota, Daimler, Volkswagen.


If you look at the different auto companies on paper, it does seem a bit proposterous, where Tesla is at this moment, versus some of the more established auto companies," Jessica Caldwell, director of industry analysis with automotive research firm Edmunds, said in an interview with CBC's On The Money on Monday.

Tesla sold 76,285 cars last year. That compares to over 10 million for GM worldwide, 6.65 million for Ford, and 2.36 million for BMW.

"I think Tesla has had a very high market cap for a long time, so I don't think this comes necessarily as a surprise, but when you compare it to someone like Ford [or GM] who has a wealth of resources, it does seem a little out of whack," Caldwell said.

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Herodotus's picture

The bigger they are, they harder they fall.

Ghost of PartysOver's picture

I wonder what Elon would look like as a Transgendered person.  After all he is the Ulimate Corporate Welfare Queen.  He must have studied Ross Perot and his EDS company.

_SILENCER's picture

He'd look like one of those loon Wachowski brothers

tmosley's picture

Autonomous EVs are the future, but Tesla is destined for the trash heap of history.

Stuck on Zero's picture

Having gone through the DotCom era running a company that became drastically overvalued I can say that there's only one thing Tesla can do now ... buy value. They need to purchase Chrysler or BMW to give the shareholders a solid basis for valuation. Hey, it worked for AOL.

PrayingMantis's picture

... "Tesla Is Now Bigger Than Ford, GM, And BMW..." ... brought to you by US taxpayers ...


froze25's picture

So does anyone else see something wrong with this picture? Barley any sales and a larger market cap? Bubble.
@Stuck on Zero, that would be the right move in my opinion.

Mr. Universe's picture

Nothing to worry about, Auto News Today is reporting that Elon has dug up a new COO, John DeLorean. John enters the operation with a vast wealth of experience in obtaining government financing as he announced the building of three new plants in India, China and Ireland with the following new model designations; The Tandoori 480 sedan, The Firecracker sport coupe and the DMC-13???  As a welcome gift John gave board members leather bound portfolios of recent photographs of himself, lounging around his current digs.

Stuck on Zero's picture

Which model travels through time?

HenryHall's picture

> I wonder what Elon would look like as a Transgendered person.

How do you know that Elon isn't a transgendered woman (female changes to male)?

It can be hard to tell you know.

But the direct answer to "what Elon would look like as a Transgendered person" is - he would look axactly the same as he does today.

open calender's picture

you can add an extra 1200/USD a week to your account working at home for 3 hours a day... go here to this site... http://bit.ly/2jdTzrM

Squid Viscous's picture

that was a merger which didn't work out for anyone, except AOL shareholders who cashed out right away if they were smart.

in fact, it popped the dot com bubble

and Dick Parsons is now regarded as some kind of black svengali, funniest part of the whole thing

813kml's picture

Tesla is banking on future blackmail revenues when their sentient cars have video of drivers picking their nose or banging a tranny hooker in the backseat.

meditate_vigorously's picture

The energy inefficiency of EVs is analogous to agricultural production of large predators over herbivores. It is literally retarded, even if you believe the lies about AGW and biotic oil synthesis.

Raffie's picture

Telsa has some high end fluffers for sure.

FLUFF-AWAY! To infinity and beyond.

Oh regional Indian's picture

Perhaps the day it becomes the world's biggest automaker by market cap and represents 1,000,000 dollars per vehicle sold, the fraud will be complete and allowed to burn, literally and figuratively to the ground.


JRobby's picture

That makes sense. Everyone in the neighborhood either has one or wants one. The neighbors that bought the $100+k Range Rovers and 550 GLS' can't seem to be able to unload those so they can get "the status" too. But I live in an incredibly superficial part of the country. I don't speak with my neighbors. 

Juggernaut x2's picture

I don't know where you are but in the Chicago area I am lucky to see one once a month

post turtle saver's picture

come visit the Austin / Round Rock area... you can't throw a brick down the street without hitting a Tesla in the process... lord help you if you're in a Costco parking lot in this area, it looks like what a Tesla dealer lot would look like if there were such a thing...

nothing says "limousine liberal" like a Tesla... oh well, life is easier when the idiots label themselves...

JRobby's picture

Fake tits (Some Men)

Plastic surgery (Men & Women)

Fake hair (Men & Women)

Laser Body Sculpting (Men & Women)

Hormone boosting Docs (Men & Women) (includes T & ED Docs)

The houses, the cars, the wife swaps, the affairs, the lawyers................the collapse

Hal n back's picture

go up to North Shore-plenty there and I bet out around Naperville.


There are people with money: Hedge fund managers, top lawyers, or the lucky sperm club. They stil buy Teslas, BMW, MB  etc.

In fact except for Tesla, there are multiple high end same  nameplate dealers in the north shore corridor along 41. Lake Forest, Lake Bluff, Northfield. BMW MB Range Rover, Jaguar, Lexus, Audi/Porche and one Bently Rolls Dealer.


go further north into Wisconsin and you will see all the new busineses settling in Wisconsin that have left IL along I 94-along with a masssive Amazon Whse.

even employees of small companies like the move to WI-fresher air and lower cost of living. safer too.

Lumberjack's picture

Sigh....failure rewarded.

Space X gets contract to launch X-37b and Al Gore has a new movie coming out...

jimmy12345's picture

Space-X is having a great year and is years ahead of its competitors

post turtle saver's picture

this valuation proves to me once and for all that the Street has lost its mind...

GM has already released the Chevy Bolt ahead of the Tesla Model 3, and by all indications it's going to end up being a better vehicle all around... reviews on it by various sources have been overwhelmingly positive... the only missing piece for the Bolt is the availability of a "supercharger" for _really fast_ battery charging and even that isn't much of an issue, especially for commuter duty...

you'd think the Street idiots would pick up on the fact that GM is going to _commoditize_ the electric car market out from underneath Tesla with this move, but nooooo... it's Tesla, it's "sexy" and GM isn't... stupid

MEFOBILLS's picture

The Volt has also proven itself to be excellent and reliable.  Even though it is a plug in hybrid, some people have usage patterns where gas is seldom used.  

Personally, I like electric cars, or hybrids, from a freedom perspective.  If you have a full infrastructure, especially solar tiles, and say also roof water storage, then you become an independent actor.  You are more of a sovereign person.  This means you can more easily say fuck-you to the world.  

We need a civilian population full of free thinkers who also have some economic independence. People who are willing to say fuck you are required to defend freedom. 

Another thing, in a shit hit the fan scenario, a grid can have some resilience if it is made of nodes, not some sort of centralized power plant.  Nodes as small as houses, are made EMP resistant would be ideal.  Even now, some people are freaking about NK having the ability to deliver an EMP bomb.  WTF?

Then, military doctrine can shift from being less offensive and more defensive.

While we are at it, we build our homes with basements, and said basements can store weapons.  We then have militias like the founding fathers intended, not huge standing armies.  This then gives us even more economic independence.   Also, we train in militias with our neighbors, forming human to human bonds. 

In the upper middle ages one skilled wage earner could support a family of four, on three months of income.

Well to Wheel equation for electic cars becomes positive when roof top solar is factored in.  For even more efficiency for a hybrid electric generator, the new Nautilus engine is interesting - and simple.




Zorba's idea's picture

Tesla is the modern equivalent of Tulipomania in the Dutch golden age. $61,000,000,000 market cap?!! Pooooff goes the bloomboom 

Badsamm's picture

Is this a good time to buy?

rubiconsolutions's picture

Take taxpayer funding out of the equation and it's Yugo.

itburnswhenitheta's picture

TSLA will be a great short someday.....someday

NoDebt's picture

It's too dangerous to short anything these days.


Oh regional Indian's picture

Except their cars, which seem to "short" a lot...

Anarchyteez's picture

No doubt. I keep thinking shit can't get any weirder...and yet it does.

Calculus99's picture

Yep, just a little out of whack Ms Caldwell.

NoDebt's picture

Shut up and take my money.


IronForge's picture

Then everyone starts rolling out PHEVs And HFCVs.  Good night TSLA.

jamesmmu's picture

Why bother to look at the economic data today, its meaningless. 

Ban KKiller's picture

Tesla, a great name commandeered by Mr Ponzi.

barysenter's picture

Backfired though. The IYI progtards never would have otherwise known about Tesla, and now they know this "nobody is ever going to find out about the defective autonomous killer robots because you're going to air 'em out" murderer is no Tesla.

ebworthen's picture

Pets.com of the auto industry.

lil dirtball's picture

That's a harsh comparison. Tesla has sold at least two dozen cars.

Silver Savior's picture

Talk about a fucking bubble of air money.

Doom and Dust's picture

This is perverse.

Just like (((them)))

Quivering Lip's picture

Oil down Tesla up. Probably hits $450 when oil hits $35.

Jtrillian's picture

Absolute fuggin insanity when you look at how many cars they sell or how much money they make (they don't). 

Beware of the rockstar CEO. 

Squid Viscous's picture

wait until they lose even more $ on the model 3...

we may see $500 when they finally roll that POS out