Volkswagen CEO Pretty Much Concedes, Tesla Will Be The Most Valuable Automaker On The Planet

Volkswagen CEO Pretty Much Concedes, Tesla Will Be The Most Valuable Automaker On The Planet

Tesla is getting accolades from the competition over its financial results amid the COVID-19 pandemic as the head of Volkswagen says that he believes the electric automaker could become the world’s most valuable company.

 

Last week, Tesla announced its Q2 2020 financial results and crushed expectations by delivering a profit despite a difficult situation due to the global pandemic.

Tesla’s results come as almost all other automakers are reporting notable losses due to crashing sales during the second quarter.


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SanJoseDriverSanJoseDriver - 7/28/2020 11:39:20 AM
+5 Boost
Not a great day for the haters.


MDarringerMDarringer - 7/28/2020 12:01:13 PM
-2 Boost
Tesla is 100% smoke and mirrors. Half of their line is aged and outdated and the other half has egregious quality control issues.


SanJoseDriverSanJoseDriver - 7/28/2020 11:26:45 PM
+2 Boost
And yet they are still outselling the direct competition


MDarringerMDarringer - 7/28/2020 12:28:36 PM
-2 Boost
With all this yapping, VWAG could be planning to buy Tesla which would sell for pennies on the dollar of its wildly inflated valuation.


runninglogan1runninglogan1 - 7/28/2020 3:00:23 PM
+4 Boost
Lol. You're truly delusional.


MDarringerMDarringer - 7/28/2020 5:27:33 PM
-1 Boost
Hardly. When acquiring a company, you most decidedly DO NOT pay the price of its theoretical, pie-in-the-sky value.


runninglogan1runninglogan1 - 7/28/2020 5:37:26 PM
+3 Boost
Wrong. Companies usually sell for more than their stock price.


MDarringerMDarringer - 7/28/2020 5:44:18 PM
-1 Boost
#NOPE And we've seen numerous examples to the contrary.


runninglogan1runninglogan1 - 7/28/2020 3:01:40 PM
+3 Boost
Will be the most valuable automaker?

It already IS the most valuable automaker.

By far.


malba2367malba2367 - 7/28/2020 3:33:52 PM
+2 Boost
He says VW and Tesla will be the most valuable companies on earth along with Apple. While autonomy and EVs will change lives in the next 20-30 years as much as smartphones did the past 15 or so, he fails to take into account for a few factors. First, the auto industry has very high fixed costs, and low margins; car prices are already too high relative to incomes so not much room to raise prices significantly...there is basically no way for any automaker to get to 60+ percent gross margins like Apple has on iPhones. Second, there is also a ton of competition in the auto industry that will make if very difficult for 2 or 3 automakers to corner the market. Finally, the most significant is that auto industries are a source of local pride in key markets; governments will intervene through tariffs if a foreign maker comes in and starts affecting the viability of local automakers.


carloslassitercarloslassiter - 7/28/2020 6:06:46 PM
+3 Boost
Tesla is 100% smoke and mirrors. Half of their line is aged and outdated and the other half has egregious quality control issues.
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Sounds like you should short the stock in a big, big way.


ctsangctsang - 7/29/2020 3:18:49 PM
+3 Boost
no surprise here
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