Kia/Hyundai market cap about 35 billion
Ford market cap about 63 billion
GM market cap about 84 billion
Toyota market cap about 280 billion
VW market cap about 282 billion
So now Tesla is worth more, by far, than the 5 biggest auto manufacturers combined....they sell around 20 million cars a year. Tesla’s biggest sales year? About 750k
Utter insanity.
It's that whole subjective speculation thing, but it's dangerous for markets when businesses have so much of their value in the speculation category, as opposed to the performance category. When markets turn, these ones get hit hardest.