Curious why (formerly) government-subsidized, ultra-luxury battery operated car maker Tesla has a market cap of $10.6 billio (a little over 25% of GM's market cap). Here's a hint
- AUTODATA ESTIMATES TESLA MAY U.S. MODEL S SALES WERE 1,425
And that's with the surge in daily publicity, the headline news articles resulting from the epic short squeeze, and the nearly daily CNBC infomercials.
But don't worry: it's a fixed cost model. In other words the company's market cap right now translates into $7.5 million per car sold per month. But just wait until TSLA is selling 142,500 $100,000 electric cars per month to the world's infinite (for it's own sake) billionaires. Then you will see scale like no one has seen ever before...