alt Hacker NewsThe problem is that transition would require a ~95% drop in stock price, and the company isn't going to survive that.
GM - $74.5B market cap (6.2M cars sold annually)
Ford - $50.2B (4.6M)
Volkswagen - $40B (9M)
BYD - $100B (4.6M)
Toyota - $256B (11.3M)
Hyundai - $57B (7.3M)
Tesla - $1.4T (1.6M)
The numbers simply don't add up.
Replies
nutjob2 • today at 6:13 PM
Telsa/Musk is a cult of personality. SpaceX's valuation makes no sense either.
On that basis if Musk overdoses on ketamine or something then 95% devaluation may well happen.
A stock drop does not in and of itself kill a company which has positive cashflow, although it may give the executives heart attacks and leave it vulnerable to takeover.