this post was submitted on 13 Jan 2024
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Tesla has a market cap of $800 billion.
To put it in perspective… GM is on track to earn that much money over the next one hundred years - they made $9b last year and $6b the year before (that was a low year, supply chain issues).
And even if they somehow found the money, regulators would likely block it.
Tesla, on the other hand, could buy GM if they wanted to. Not sure why they would though, since Tesla is successfully selling EVs (the future) and GM can’t figure out how to repeat that. GM’s EV cars are not profitable yet and they just discontinued their best model (the Bolt).
Comparing market cap to earnings just shows you have no clue
This place is pro-ev, but very anti-Tesla. So weird. They're naming failed car companies and sure, it does prove their point, but most companies fail. I could literally say the same thing about Ford and Toyota. Who knows what happens in the future. Literally no one knows.