01/08/2020
GM Market Cap 49.5B
GM P/E Ratio) 5.86
Ford Market Cap 36.7B
Ford P/E Ratio) 25.04
TESLA Market Cap 88.7B
· TESLA P/E Ratio ? $0.00
GM announced that it delivered 2.9 vehicles in 2019 in the United States. The total included more than 1 million crossovers for the second year in a row, an increase of 12.7 percent compared to 2018, and more than 1 million full-size pickup trucks and SUVs.
Ford said that it sold 2.4 million vehicles in 2019. Ford's total pickup sales in Q2 increased 7 percent, accelerating at a faster rate than first quarter growth of 5 percent.
Tesla said that it delivered a total of 367,200 vehicles in 2019!
You may wonder how in the world Tesla could be more valuable than GM and FORD? how's that possible? The answer may lie in the future direction of the automobile industry, the demise of combustion engine, carbon neutral economy or Pure Investor Delusion (PID), only time will tell, but for now that’s the fact and Elon can take it to the bank!
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