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The Street
The Street
By Daniel Kline The electric vehicle company has a production plan that shows just how speculative its nearly $70 billion valuation is. Tesla (TSLA) – Get Tesla Inc Report has a market cap that tops $1 trillion. That’s a rich valuation for a company that has a rough production rate of 1 million vehicles a year. General Motors (GM) – Get General Motors Company Report, which produced 6.83 million cars in 2020, down from a peak of 10 million in 2016, according to Statista, has a market cap of nearly $89 billion. Toyota (TM) – Get Toyota Motor Corp. Report, which has a $342 billion market cap and …
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