Tesla, the Triple-WTF Chart of the Year: Just Put Your Brain on Tesla Autopilot and Believe in It
I’m in awe of how a tiny automaker with less than 1% global market share is a Supernatural Phenomenon and the 7th most valuable US stock.
In the second quarter, Tesla’s total revenues were $6 billion, down by 5.8% from Q2 last year. Today, its value rose by $8 billion per hour. Over the past four quarters, Tesla’s total revenues were $26 billion. Today, its value rose by $64 billion.
Tesla’s shares are now valued at about 20 times annual revenues. You see what I mean? If you have to ask, you don’t have the right stuff.
So here are the seven US companies with the highest market capitalization:
Apple $2.21 trillion
Amazon: $1.73 trillion
Microsoft: $$1.71 trillion
Google: $1.11 trillion
Facebook: $835 billion
Berkshire Hathaway: $521 billion
Tesla: $476 billion
I’m not going to even try to outline the factors that make Tesla’s stock a supernatural phenomenon – things like Tesla, the minuscule automaker with a global market share of less than 1%, isn’t actually an automaker with stagnant revenues in a long-term stagnant or declining industry, but a data company with a secret government contract to populate Mars or whatever. You just have to put your brain on Tesla Autopilot and believe in it.
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