GM, Toyota, Ford sales down 5th year in a row. Nissan in a death spiral. The Pandemic accelerated what had started in 2016. Long-term view on auto sales.
But Tesla’s market capitalization is higher than the combined total of Toyota, Volkswagen, Daimler, GM, BMW, Honda, Ford, and Fiat-Chrysler. The zoo has gone nuts.
Global market share of 1%. But market cap = combined total of Toyota, Volkswagen, Daimler, GM, BMW, Honda, Ford. Raised $10 billion in three months by selling shares.
