The Futuristic Vision That’s Driven Tesla’s Value Above $30 Billion [General Motors Company(NYSE:GM), Tesla Motors Inc(NASDAQ:TSLA)]

Share This Article
August 22, 2014 12:14pm ETF BASIC NEWS

teslaBy the end of this decade, new Teslas will be more popular than Volvos, and Tesla Motors Inc(NASDAQ:TSLA) will be more profitable than Chrysler. Drivers of the sleek plug-in electric cars will be able to go cross-country at no cost, thanks to a network of

Supercharger stations — and battery costs might even improve enough for Teslas to be less expensive to own, in total, than a gasoline car.

This, at least, is the ambitious vision of our automotive future that’s captivating Wall Street and has propelled Tesla’s stock-market value above $30 billion, before the company has sold even 30,000 cars in a year. Tesla now has more than half the market value of General Motors Company(NYSE:GM), which this year will sell more than 9 million vehicles.

The combination of an impressive product line, dramatic hype about a post-petroleum economy, the lionization of capitalist hero and founder Elon Musk and the lack of real profits to date has made Tesla a matter of fierce disagreement among investors and consumers alike. The stock is up an astonishing 770% over the past two years, to a price above $257. And yet skeptics keep gunning for Tesla, with bets by short sellers that the stock will fall now accounting for more than 25% of Tesla’s available shares.

You can see the full “Yahoo Finance” segment below:

Read Next

Get Free Updates

Join over 50,000 investors who get the latest news from!

Most Popular

From Our Partners

Explore More from

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again! respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories