Tesla market cap is US$ 1.3 Trillion in comparison to regular car manufacturer it’s ridiculously high
The world leader Toyota has like market cap of 45 billions and other big manufacturer reach similar value. The only exception being the other leading brand on electric car “BYD” with a market cap of 750 billions.
However, even assuming that Tesla stays the leader of electric car, how would it make it more valuable that let’s say Toyota. Especially now that “many of the person who can invest the price of an appartment in a fancy car” did switch to electric, and that the electric market needs to develop the cheap and compact urban car for middle-class person who can’t afford a car above 20 thousands euros (Because to be realistic the era of 10 000 EUR car is over)
I simply can’t understand how Tesla market valuation is so high
Tesla is overvalued, but the valuation is for more than cars.
Tesla owns its own battery production facilites, allowing it to branch out into other sectors of the market.
Tesla’s charging has become the standard for North America, making its charging stations valuable as the new gas stations for electric vehicles.
Tesla also has a significant solar energy production and deployment business. It makes some solar panels and a lot of other solar energy equipment. It also installs and manages that equipment.