T​esla is now worth more than Ford ever was

B​ye bye Detroit

T​here are few names that are more established in the automotive landscape than Ford, for over 100 years the Detroit-based automaker has been churning out affordable transportation for the masses in the millions. Best known for revolutionizing the way we think about car production, Ford was the first company to introduce a vehicle assembly line, something which enabled them to become on of the world's largest car manufacturers.

F​actSet

F​actSet

However, Ford isn't alone anymore, for the past 10 years Tesla has been chomping at their feet, showing the world that the industry's lack of innovation was over.

Throughout the past few year many automakers have been loosing they innovative edge, with former BMW CEO even admitting that when compared to Tesla's Model 3, BMW's competing 3 series sedan looked like a dreary joke.

A​nd it looks as though the market seems to agree, because for the past three years or so Tesla has had a stock market valuation greater than that of Ford. However, many analysts and skeptics have previously said that this was not sustainable, and that Ford's recent slump was not indicative of their future.

W​ell it turns out they were wrong. Back in 1999 Ford experienced their best year in history, reaching an overall Market Capitalization of just over $80 billion. However, earlier today Tesla tore a hole through that record, becoming the most valuable U.S. automaker of all time.

T​his just goes to show that even an automaker like Ford can be toppled by Tesla, and it's time for us all to accept Tesla as a major automaker; one with real cars, real profits, and real customers.

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Comments (19)

  • Let’s see how long it lasts. That’s what matters!

      1 year ago
  • They are not making a profit the goverment pays them for every car they sell, the model 3 is a fifty-five thousand dollar car priced at thirty-five thousand once ev's become more widespread the goverment will not be able to allow the same tax breaks to everyone so tesla's margins will go down, their prices will rise and people will start buying other vehicles... dont get me wrong i think tesla will be in the game for a very long time but there business model will need to change to stay competitive

      1 year ago
    • Not true. Tesla has exceeded the number of cars manufactured which get the buyers the full tax credit. Tesla does not receive the tax benefit (it helps increase sales), just like every other manufacturer of full EV’s.

        1 year ago
    • So you are saying that they will no longer be getting full tax credits so they will have to raise vehicle prices

        1 year ago
  • I think is a bit deceptive. Tesla holds more assets than the auto company in the company that the stock trades under. Batteries, solar, etc. I could be wrong about that.

      1 year ago
  • Well with all that money they should open more patience shops

      1 year ago
  • Tesla ..? Oh do ‘Foxtrot Oscar’ ...

      1 year ago
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