Hello monkeys, I read this article
Tesla's stock price just jumped 5.8 percent and its market capitalization surpassed Ford's, surging to about $48.2 billion ($3.1 billion more). This stock price jump can be attributed to its record Q1 deliveries and production, beating analysts' estimates with the production of 13,450 Model S and 11,550 Model X.
What's funny is this:
While Ford delivered about nine times as many vehicles in just the U.S. last month, its sales missed projections and the shares fell.Ford, which reported net income over the last five years totaling $26 billion, towers over Tesla on most metrics. Tesla lost $2.3 billion during the same five-year span. Revenue was $151.8 billion last year for Ford, compared with Tesla’s $7 billion.
Tesla sold about 40,697 vehicles in the U.S. last year, according to registration data compiled by IHS Markit. Ford delivers that many F-Series trucks about every three weeks.
Even though Ford is nearly "better" in all indicators than Tesla, but Tesla is able to surpass its market capitalization.
So the question begs: Is Ford undervalued, or is Tesla overvalued?
And before you jump to conclusions about Tesla being overvalued, here's a tweet by Elon Musk to make you think twice:
Stormy weather in Shortville ...
— Elon Musk (@elonmusk) April 3, 2017
Some experts say that Tesla's always been valued like a tech stock (think $SNAP) and they put their faith in Elon Musk. But of course, there's always the fear that this can come all crashing down, especially later on, if the Model 3, a sedan that will retail for about $35,000, compared with $68,000 for the least-expensive Tesla available now, will not deliver.
