Elon Musk thinks Tesla is just beginning to get big

  • Thread starter Thread starter Yoni Heisler
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Yoni Heisler

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Tesla shares have been on a rampage lately. Over the past six weeks, Tesla's stock price has skyrocketed 25%, with shares currently trading in the $304 range. With a market cap of nearly $50 billion, Tesla is currently more valuable than Ford -- which has a market cap of $46 billion -- and is close to surpassing GM which currently boasts a market cap of $51 billion. Predictably, Tesla's valuation has elicited ridicule from critics who can't help but point out that Tesla in 2016 delivered 76,230 vehicles. In stark contrast, Ford during the first half of 2016 alone delivered 1.35 million cars to customers.

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