Tesla is the largest US automaker in history

[Hersbird]

The title of this thread is misleading. Nobody says they are the largest. They are the most valuable. That is because of the stock price, and a stock price is just a reflection of what someone is willing to pay for a price of the pie and what someone else is willing to sell their peice of the pie. So you have a bunch of people who don't want to sell no matter what the price and others who want to get in. I personally would sell if I had them at this price, but I wasn't smart enough to buy any back when the price was a reflection of the assets of the company. After all the tech crash I'm not interested in buying into companies not backed by assets or actual sales figures.

[redpoint5]

The problem is that the market isn't rational, or at least not in a way that can be distilled into actionable buy/sell actions. It's also a zero sum game, because nothing of value is being created.

I told a friend to sell their BitCoin back when it had "peaked" at $70. Seems like bad advice in retrospect after it hit $14k or so.

Evaluating the worth of a company based on stock value doesn't seem reasonable. If everyone wanted to cash out their Tesla stock at the same time, the value would approach zero since the supply of stock would be huge, and the demand small.

I'll consider Tesla the largest automotive company when it delivers the most units in a year, or at least has the largest gross revenue from sales.

[freebeard]

Did you watch the video?

Back in the 1920s Buckminster Fuller said the machine that makes the machine is paramount. Elon Musk has instantiated that philosophy.

The legacy automobile industry will never catch up.

[Xist]

Originally Posted by Hersbird

Nobody says they are the largest.

You sit on a throne of lies!

Do I need to relink the article that made that claim or can you handle that on your own?

[freebeard]

You sit on a throne of lies!

You're arguing about words!

[Xist]

You want us to argue about flatus emissions?!

[Hersbird]

Originally Posted by Xist

You sit on a throne of lies!

Do I need to relink the article that made that claim or can you handle that on your own?

I hope you are joking. Most valuable does not equal largest.

[Xist]

I admire the dexterity required to spit hairs so fine.

[freebeard]

I admire the dexterity required to spit hairs so fine.

Now you are disrespecting words. ??

[Fat Charlie]

Originally Posted by Xist

I admire the dexterity required to spit hairs so fine.

I've got friends in Manhattan. My house is much larger than their apartment. Their apartment, on the other hand, has a much higher market value than my house. No one would say that their apartment is larger than my house, though, or accuse me of splitting hairs. Why the difference when comparing companies?