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Nov 21 - TESLA BECOMES THE BIGGEST AUTO COMPANY ON EARTH



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 1 year ago '04        #1
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the_malicious  topics gone triple plat - Number 1 spot x8
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Nov 21 - TESLA BECOMES THE BIGGEST AUTO COMPANY ON EARTH
 

 
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Tesla Becomes Highest Valued Car Company of All Time


REUTERS—Tesla Inc surpassed $1 trillion in net worth (market value) after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader's ambitions to top the entire auto industry in sales over the next decade.

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Tesla shares surged as much as 14.9% to $1,045.02, making it the world's most valuable automaker according to Reuters calculations based on its latest filing

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Tesla is the first car company ever to join the elite club of trillion-dollar companies that includes Apple, Amazon, Microsoft, and Alphabet Inc.

Hertz's decision to order 100,000 Tesla vehicles by the end of 2022 showed electric vehicles are no longer a niche product, but will dominate the mass car market in the near future.

"Electric vehicles are now mainstream, and we've only just begun to see rising global demand and interest," Hertz interim CEO Mark Fields told Reuters.

Tesla has set an annual sales growth target of 50%, on average, eventually reaching 20 million vehicles a year. That would be more than twice the volume of current sales leaders Volkswagen AG and Toyota.

Consumer demand for electric vehicles is turning a corner in some major markets. The Tesla Model 3 was the best-selling vehicle of any kind in Europe last month, consulting firm JATO Dynamics reported Monday.

"The Hertz order puts an exclamation point under guidance for 50%+ growth in deliveries," Roth Capital analyst Craig Irwin said. "Another solid piece of evidence EVs are going mainstream."

Tesla now faces the daunting day-to-day challenge of becoming a high-volume automaker growing at a rate not seen since the early 1900s when demand exploded for Henry Ford's Model T.

Investors and analysts, for now, are looking past the near-term challenges. Morgan Stanley boosted its Tesla price target by 33% to $1,200 as the brokerage expects the electric carmaker to surpass 8 million deliveries in 2030.

The deal also underscored the power of the Tesla brand, as the Hertz emerges from bankruptcy and aims to revive its once-dominant brand.

Hertz's rescue is led by a group of investors including Knighthead Capital Management, Certares Opportunities and Apollo Capital Management.

"We absolutely believe that this is going to be competitive advantage for us," interim Hertz CEO Mark Fields said of the Tesla order, expected by 2022.

"We want to be a leader in mobility. Getting customers experience with electrified vehicles is an absolute priority for us."

Tesla's cheapest Model 3 sedan starts at about $44,000, making this order worth about $4.4 billion, if the entire order were for its mass-market sedan.



visit this link https://www.reuters.com/b .. ws-2021-10-25/


Last edited by the_malicious; 11-20-2021 at 07:33 AM..
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 1 year ago '04        #2
the_malicious  topics gone triple plat - Number 1 spot x8 OP
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Since Tesla has made profits for multiple consecutive quarters
They officially joined the S&P 500 so now they're a legitimate blue chip stock.
Investment funds all over the world will be buying Tesla by owning the S&P




Last edited by the_malicious; 11-21-2020 at 02:33 PM..
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 1 year ago '06        #3
Panasonic  topics gone triple plat - Number 1 spot x4
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Wow toyota bigger than Honda
+5   

 1 year ago '04        #4
the_malicious  topics gone triple plat - Number 1 spot x8 OP
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Fake news said Tesla was bankrupt, in reality they got stronger 10 years straight





Last edited by the_malicious; 11-19-2021 at 11:50 PM..
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 1 year ago '06        #5
philly337  topics gone triple plat - Number 1 spot x1
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Hate him or love him he has America #1 again in auto
+16   

 1 year ago '06        #6
philly337  topics gone triple plat - Number 1 spot x1
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Also why are our leaders incompetent? Taxes need raised on top corporations. The argument is if we do theyll move out...they got the tax breaks and still moved out...

Why doesn't somebody come with a simple tax increase...

1. If you manufacture/sell in the US...taxes aren't raised

2. If you dont we raise taxes substantially


Companies aren't going to dip when were the biggest consumer on earth. So either outsource and get taxed your fair share or manufacture here and get the tax breaks.

Simple...bet your a*s they start manufacturing back here if it means losing the US consumer or getting taxed doubled
+10   

 1 year ago '20        #7
LuxG1 
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& still can’t service vehicles properly.... ask rich rebuilds
+16   

 1 year ago '15        #8
Black Larry 
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 philly337 said
Also why are our leaders incompetent? Taxes need raised on top corporations. The argument is if we do theyll move out...they got the tax breaks and still moved out...

Why doesn't somebody come with a simple tax increase...

1. If you manufacture/sell in the US...taxes aren't raised

2. If you dont we raise taxes substantially


Companies aren't going to dip when were the biggest consumer on earth. So either outsource and get taxed your fair share or manufacture here and get the tax breaks.

Simple...bet your a*s they start manufacturing back here if it means losing the US consumer or getting taxed doubled
Leaders follow the golden rule.
The person that has the gold makes the rules.

They have the money. Make sure their loopholes are put in place and proceed to finesse their way out of paying billions.

They wouldn't be hurt if everyone on that level payed. Everybody would still be rich. But too many leeches plus corruption.
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 1 year ago '13        #9
Phenom354 
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 LuxG1 said
& still can’t service vehicles properly.... ask rich rebuilds
I've had my car service multiple times just fine.

Hell even had mobile service that came to my house.

Yes their quality is occasionally not great, but service is much better than when Tesla started. People forget this company is like 10 years old.
+13   

 1 year ago '20        #10
LuxG1 
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 Phenom354 said
I've had my car service multiple times just fine.

Hell even had mobile service that came to my house.

Yes their quality is occasionally not great, but service is much better than when Tesla started. People forget this company is like 10 years old.
Damn....This is new, I was just watching engineering explained & he was also sh*t talking the service for his Tesla.

 1 year ago '04        #11
zone3cp 
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Tesla the Future.....When that truck drop it’s gonna be crazy.
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 1 year ago '13        #12
Phenom354 
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 LuxG1 said
Damn....This is new, I was just watching engineering explained & he was also sh*t talking the service for his Tesla.
I think the real problem is part availability and people have vastly different experiences with different Service Centers.
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 1 year ago '17        #13
1Oh 
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My splits gonna look like whole TSLA shares before the split.
+13   

 1 year ago '13        #14
SimpinAintEz 
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 zone3cp said
Tesla the Future.....When that truck drop itís gonna be crazy.
That abomination ainít droppin, just like the Tesla Roadster ainít droppin. Their just glorified hypebeast concepts to draw attention to the brand.
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 1 year ago '09        #15
messy marv stan  topics gone triple plat - Number 1 spot x73
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its time to retroactively tax tesla 95% for all the tens of billions in irs shakedown fees its avoided
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 1 year ago '20        #16
Xiox  topics gone triple plat - Number 1 spot x1
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Toyota needs to get 10 models of EV out in 2022

 1 year ago '13        #17
Phenom354 
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 Xiox said
Toyota needs to get 10 models of EV out in 2022
They are already having battery supply issue with the Rav 4 Prime Hybrid.

No way they can compete on a full EV anytime soon.

 1 year ago '05        #18
ice wolf  topics gone triple plat - Number 1 spot x8
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Proud to be a shareholder
+13   

 1 year ago '04        #19
the_malicious  topics gone triple plat - Number 1 spot x8 OP
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 Cowboy said
Ford and GM are going to eat into that market share



How are Ford and GM supposed to take market share from Tesla?

The sales that have Tesla #1 in the industry are mainly from LUXURY SEDANS
Tesla competes with luxury brands but Ford and GM are not in that segment.

American auto companies get almost all their profits from pickup trucks.

It's Ford & GM who will lose market share when the Cybertruck is released


Last edited by the_malicious; 12-06-2020 at 10:44 AM..
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 1 year ago '17        #20
Naga Sadow  topics gone triple plat - Number 1 spot x20
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 LuxG1 said
& still canít service vehicles properly.... ask rich rebuilds
One of the most unreliable cars you can purchase. They depreciate like crazy and with all of the sensors a 5 mph accident can total out your car. And Model 3's are having an issue with the rear bumpers randomly falling off.

 1 year ago '14        #21
consigliereA  topics gone triple plat - Number 1 spot x1
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Portfolio portfolio..
+4   

 1 year ago '14        #22
strungout  topics gone triple plat - Number 1 spot x6
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.....


Last edited by strungout; 11-21-2020 at 04:44 PM..
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 1 year ago '12        #23
TrillSwag  topics gone triple plat - Number 1 spot x1
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 the_malicious said
Remember the fake news media said for 10 years they were going bankrupt

In reality they got stronger every year


Elon has said himself they were very close to going under. iirc he said at one point they were a month away from pulling the plug
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 1 year ago '15        #24
PineappleOG 
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Toyota still GOAT
+5   

 1 year ago '18        #25
ordoabchao 
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fu*k Elon Musk and anyone who supports him.
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