Tesla is now the world’s largest automaker as measured by market value. Investors value the company at $205 billion. Tesla is projected to produce about 500,000 cars this year. Toyota Motor, now the second-largest automaker, produces close to 9 million cars annually. In other words, Toyota produces 18X more vehicles than Tesla, but the two companies have the same market value. Why is Tesla worth so much when it produces so little? Despite a global pandemic and a stock market crash in March, we are back to a "fairytales and fantasies" stock market. Tesla isn’t an auto company, it’s a … [Read more...]
Archives for July 2020
Record Increase in Pending Home Sales
The National Association of Realtors reported a record rise in pending home sales in May, with 44.3% growth. They write: Pending home sales mounted a record comeback in May, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic, according to the National Association of Realtors®. Every major region recorded an increase in month-over-month pending home sales transactions, while the South also experienced a year-over-year increase in pending transactions. The Pending Home Sales Index … [Read more...]
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