Ford – Page 1489 – I wish I had more to offer

IndyCar Star Buys Porsche Taycan: Shares Impressions

IndyCar star and renowned petrolhead Graham Rahal recently added his first electric car to his garage, a Porsche Taycan. The six-time IndyCar race winner has quite the collection of machines, including a Ford GT, a Mercedes AMG GT R Pro, Acura NSX, several classic Ducati motorcycles, and numerous Porsches. Taking to Instagram, Rahal showed off… Continue reading IndyCar Star Buys Porsche Taycan: Shares Impressions

New managing director at Ford Hungary

During his career at the company, he managed Fordʼs Romanian subsidiary, and Fordʼs European pricing center in Szentendre, where he headed one of the organizationʼs largest pricing teams, serving all European markets.

Hyundai Aura launch on Jan 21; to compete with Dzire, Amaze

NEW DELHI: Hyundai Motor India is set to launch its upcoming compact sedan Aura here on January 21, the Korean auto major said. Aura will compete with the likes of Maruti Suzuki Dzire, Honda Amaze and Ford Aspire, and is likely to be priced between Rs 5.6-9.2 lakh (ex-showroom, Delhi). The carmarkers opened of bookings… Continue reading Hyundai Aura launch on Jan 21; to compete with Dzire, Amaze

@Ford: Another Eye-Catching Creation

M-Sport Ford World Rally Team’s EcoBoost-powered Ford Fiesta WRCs will be adorned with a striking new livery this year – Graphic Designer Phil Dixon delivering another eye-catching creation for the 2020 FIA World Rally Championship. Dixon’s designs are eagerly awaited and the Cumbrian’s work attains fan-favourite status year after year. This season his vision drew… Continue reading @Ford: Another Eye-Catching Creation

Tesla Is The Most Valuable Auto Company In The History Of America*

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Published on January 8th, 2020 |

by Vijay Govindan

Tesla Is The Most Valuable Auto Company In The History Of America*

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January 8th, 2020 by Vijay Govindan

Barron’s noted on January 7th, 2020, that Tesla had become the most valuable auto company in the history of America. Let me repeat: Not just currently. We are talking about the most valuable American auto company since America was born. Congratulations to Elon, Tesla, and the team for unlocking this achievement!

Tesla beats out the old automaker market cap record held by Ford in 1999, at $81 billion. How valuable is Tesla? After January 8th’s surge, Tesla is valued at nearly $89 billion. Sure, the purists will argue it’s not an inflation-adjusted peak or the largest enterprise value (enterprise value includes equity and debt). Let’s call it a non-inflation-adjusted peak and market cap only. It’s impressive, nonetheless.

Tesla transformed the push for sustainable energy and became the most valuable American auto company within 10 years. We are not talking about high-margin phones. We are talking about a capital-intensive, low-margin, ruthless, heavily entrenched, lobbyist-backed industry.

Another way to note the importance of Tesla’s accomplishment is comparing Tesla with General Motors, Ford, and Fiat Chrysler’s market cap. According to Yahoo Finance, as of 1/8/20, GM was worth $52B, Ford was valued at $38B, FCAU at $25, and Tesla at $85B. Tesla’s value is larger than GM and Fiat Chrysler put together, and very close to being larger than GM and Ford put together. (On Google Finance, a bit different, Tesla is worth more than GM and Ford combined). In fact, Tesla is not too far off from being worth more than GM, Ford, and Fiat Chrysler combined.

As Frugal Moogal and I have speculated over the last few weeks, there are many reasons for Tesla’s surge. One reason that’s rarely discussed is the expected surge in Tesla auto sales over the coming two years. The below chart excludes the growth of Tesla Energy in the next two years, but it attempts to forecast Tesla’s coming auto sales.

My personal forecast.

Noted Tesla bear and Credit Suisse analyst Dan Levy states, “The framework contextualizes the lofty assumptions embedded in the stock – to justify the current stock price one arguably must assume that by 2025 Tesla will grow annual volume to 1.2mn units.” The same analyst raised his 12-month Tesla price target from $200 to $350 in an attempt to move from totally absurd to semi-reasonable.

I expect Tesla to produce 150,000 units in China and produce another 150,000 Model Y this year. As the ramp continues, I expect both to double production next year, joined by production of the CyberTruck and the Berlin factory coming online. Sometime during 2021, Tesla will have produced more than a million vehicles within a year. This is remarkable. I am hesitant to estimate beyond 2021 because Tesla is growing so fast. I don’t consider these super bull numbers, rather numbers based on what is genuinely possible.

*The asterisk in the title is mentioned since everyone is treating Tesla as simply an auto company. I disagree with that simplification, as do many of the writers here on CleanTechnica. Tesla is an energy and technology company, which happens to masquerade as an auto company. This is one reason why Wall Street analysts are completely befuddled. Most of them stick to one industry segment. Tesla crosses multiple major segments. That’s hard for the spreadsheet jockeys to model. What they miss is that the energy and technology markets are vastly larger than the auto market. At its, peak Exxon traded close to $500B in value. Microsoft and Apple are worth more than $1,000B at the moment. For more on this topic, see: “No, Tesla Is NOT The Largest US Automaker Ever.”

Disclosure: I bought back my Tesla shares a few days ago and am long on Tesla cars. The FUD didn’t reach the levels I expected. Don’t worry, I got pilloried hard for buying and selling Tesla from comments in my last post. I expect the same in this one. Keep it up!

Use my referral link to receive 1,000 free Supercharger miles with the purchase and delivery of a new Tesla vehicle, or earn a $100 award after system activation by purchasing or subscribing to solar panels: https://ts.la/vijay59877

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About the Author

Vijay Govindan Vijay Govindan is a Cleantechnica writer part-time. Through his writing Vijay seeks to elevate the realized potential of humankind.

Against human trafficking. Tesla Model 3 LR owner. His claim to fame is Tesla and Elon have commented, liked or re-tweeted an article he wrote with the Tesla community. Just once. 😉

https://cleantechnica.com/2019/06/23/our-new-tesla-myths-page/

#WeChooseTesla, #RenewableEnergy and #YangGang supporter. Long Tesla shares. Has a healthy skepticism of the Q branch of the Tesla investment community. Made it to one $tslaq block list.

Follow him on Twitter @vijaygovindan17. If you read this far, wow, 👏🏽 and 🙏🏽.

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Chairman Mao’s favored Red Flag carmaker eyes 1 million customers by 2030

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Former Supervisory Correctional Officer Sentenced to 24 Months in Federal Prison for Civil Rights Violation

A former Supervisory Correctional Officer at the Federal Correctional Complex (FCC) in Beaumont, Texas, was sentenced today in federal court for aiding and abetting the assault of an inmate. Khristal Ford, 33, was sentenced by U.S. District Judge Marcia A. Crone to 24 months in federal prison followed by one year of supervised release. Ford… Continue reading Former Supervisory Correctional Officer Sentenced to 24 Months in Federal Prison for Civil Rights Violation

Hundreds of GM temp workers were just made permanent

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Out of Gear: Follow the full Ford investigation

In April 2019, Ford Motor Co., in the last paragraph of a 70-page filing with the Securities and Exchange Commission, disclosed that it could face significant liability in lawsuits over the transmission used in Focus and Fiesta cars for nearly a decade. Detroit Free Press Ford reporter Phoebe Wall Howard wrote about the disclosure and… Continue reading Out of Gear: Follow the full Ford investigation

Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars

The Mercedes-Benz logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 10, 2019. REUTERS/Ralph Orlowski BEIJING/SHANGHAI (Reuters) – Zhejiang Geely Holding Group Co Ltd and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan ($388.77 million) in a China-based venture to build “premium and intelligent electrified” vehicles under… Continue reading Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars