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Tesla zooms past $1 trillion market cap
on bet that the EV future is now

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Posted By: Dreadnought, 10/26/2021 12:23:15 AM

Tesla Inc (TSLA.O) surpassed $1 trillion in market value on Monday 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. 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. Even Tesla Chief Executive Elon Musk expressed surprise at the velocity of the surge. "Strange that moved valuation, as Tesla is very much a production ramp problem, not a demand problem," Musk tweeted in reply to a comment


w/ Sanjana Shivdas, David Shepardson.

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Reply 1 - Posted by: DVC 10/26/2021 1:17:55 AM (No. 957517)
The future of EVs is NEVER without laws outlawing gasoline and diesel cars.
9 people like this.

Reply 2 - Posted by: Come And Take It 10/26/2021 1:34:47 AM (No. 957524)
Absolutely insanely overvalued corporation. 100k rental Teslas should result in tons of burned up clients when the autopilot runs them under semis and into the backs of fire engines, and traps them in a car that cannot be put out. NTSA is already telling Tesla they need to scale back their autopilot functions, but I imagine Musk thinks he is above the law, like most of the uber rich.
5 people like this.

Reply 3 - Posted by: Trigger2 10/26/2021 2:57:34 AM (No. 957534)
Oh sure, the EV future is now. Install a electrical gadget in your house - $1,500 for regular 120 volt. It only takes 24 hours to recharge your precious EV providing you're not in a brownout. Over $5,000 to install 220V for a quicker recharge. Operating a EV vehicle costs more than operating a gas vehicle. Buy hey, it'll save the world. Idiots.
8 people like this.

Reply 4 - Posted by: stablemoney 10/26/2021 3:46:51 AM (No. 957546)
We are hoping to have electricity for the winter in Texas. We will probably have disappointments. They say EV's are the future. I don't think so, but have at it, and pay for it, not me, if you like it. Tesla is presently 332X earnings. Your hope is that somebody can be found that will pay 350X earnings. And get a car you have to wait 4 hours at the charge up station.
3 people like this.

Reply 5 - Posted by: dickiedeeb 10/26/2021 4:19:55 AM (No. 957560)
I ll take my 96 toyota pickup with its manual windows and manual 5spd over any electrick junkass garbagewagon crap every day of every week until i croak
9 people like this.

Reply 6 - Posted by: Muguy 10/26/2021 5:26:16 AM (No. 957566)
There has to be a FORCE MIGRATION against gasoline-powered vehicles for EV's to become dominant. This technology exists, but is not a viable option and NEVER WILL BE a permanent soluition. To wit: Your smartphone uses lithium batteries and over time, the integrity of holding a charge goes away to the point of having to be replaced. Lithium is very hard to come by and there is no reliable supply. We have discovered well over 400 years of coal, well over 100 years of natural gas, and found ways to make old oil wells give up more oil-- this might buy time for some other technologically viable to develop. Our distribution of goods is reliant on trucking and rail transportation to get things in the stores and groceries. The typical top distance of small cars currently available is not more than 400 MILES before stalling out for lack of a charge. That, and given that loads on trucks would further make it unlikely to get goods to market shows that this technology IS NOT READY FOR PRIME TIME. Wind power is a free source of renewable energy, but it too cannot be totally relied upon, so we need to keep using current technology until this is a reliable source of energy. We are now seeing just how important keeping older vehicles around due to the chips being outsourced to CHYNA
3 people like this.

Reply 7 - Posted by: GreatGreyhounds 10/26/2021 6:03:24 AM (No. 957579)
And just how are you going to charge all of these EVs? Unicorn flatulence?
5 people like this.

Reply 8 - Posted by: jacksin5 10/26/2021 8:40:54 AM (No. 957657)
Expect another "Cash for Clunkers" plan.
2 people like this.

Reply 9 - Posted by: bigfatslob 10/26/2021 8:43:26 AM (No. 957662)
EVs are now! Good luck Florida, Louisiana and coastal states during hurricane evacuations if these expensive golf carts are mandated for your states banning gasoline and diesel fuels. Those big eighteen wheeler delivery trucks don't run on electric and unicornpee you know.
3 people like this.

Reply 10 - Posted by: ROLFNader 10/26/2021 8:48:36 AM (No. 957671)
Time to change the name to "Hurts".
1 person likes this.

Reply 11 - Posted by: Snortleblatt 10/26/2021 9:05:51 AM (No. 957689)
We bought a Tesla, based on the experience of a friend and a test drive that blew our socks off. We had a 220volt charger installed in our garage that, parts and labor, cost us $200. We acknowledged up front that the car was a boondoggle, but we wanted it and could afford it, so we bought it (cash - we are conservatives after all). The actual, usable range between charging stops that we have experienced is about 330 miles. We took a 3500 mile cross country trip in the spring visiting friends and family. We camped out in the car along the way (it keeps the temperature steady in 'camp mode'). Yes, charging takes a bit longer than filling a tank with gas (15 to 30 minutes) but after 250-300 miles we were ready for food and a bio break. There was no problem finding Tesla Superchargers - the car tells you where and when. And we charged over night at several campgrounds, the hookup included in the camping fees. Charging the entire trip cost us a bit over $400 (we did have 1000 free Supercharger miles). At home the car is always 'full'. We have solar panels that power the entire house, so charging at home is prepaid for the next 25 years or more. Paying cash and with tax rebates (which I detest, but it's stupid not to take it), our analysis of the solar installation calculated an 8% average annual return over the life of the system at current electric rates - which are slated to rise 15% this year thanks to Bidenomics. As a EE, I should drive an electric car. Plus, driving the Tesla is a hoot!
1 person likes this.

Reply 12 - Posted by: udanja99 10/26/2021 9:30:50 AM (No. 957712)
I want to invest in whatever corporation is going to massively expand the electrical grid to handle all of those EVs. Our current grid certainly couldn’t do the job and still provide enough electricity for our homes. Not to mention that the majority of our electrify comes from burning that super-evil element called COAL!
1 person likes this.

Reply 13 - Posted by: Owney 10/26/2021 9:52:04 AM (No. 957739)
All those Tesla batteries need cobalt, nickel, copper, lithium... So, Tesla owners support state of the art mining in Northern Minnesota rather than child labor open pit mining in the Congo?
1 person likes this.

Reply 14 - Posted by: MickTurn 10/26/2021 1:00:14 PM (No. 957967)
SO Muskie, where's the Matchbook Tesla cars/truck? You're missing a gold mine on those!
0 people like this.

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