The time for deals on new vehicles has arrived.
Hahahaha, that should have been the universal headline.
To mark this moment in the history of insane stock prices where a tiny automaker with a global market share of 0.5% and a big loss in 2019 became the most valuable automaker in the world.
Look, I’m rooting for Tesla, a tiny auto maker shaking up the giants, with its global market share of 0.5% and $862-million loss in 2019. But Tesla gets to have supernatural shares that can go anywhere at will.
You’ve got to admire Musk for snookering true believers into buying $2 billion of new shares a month ago that are now down 52%.
Market share of EVs reaches 5.3%. The registrations data is out in all its glorious detail.
The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.
OK, let’s look at the Tesla magic briefly.
Tesla’s Stock Makes it the Second Most Valuable Automaker in the World. But How About its Size?
This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US.