The Market Cap is an accurate representation of a company’s value and Tesla is more valuable than GM.
Fortune mag: “Last year it sold 76,230, missing its target of at least 80,000 vehicles. By comparison, GM sold 10 million cars and Ford (F, +0.36%) sold 6.7 million.”
GM is doing well but suffering from its bailouts. Tesla is doing well and I see Teslas around town more and more.
No, market capitalization is an accurate representation of what investors (aka bettors) think (or hope) the company is worth. What about earnings per share or the p/e ratio?
“...representation of a company’s value..”
Used to be but that model is broken. Try and sell Tesla for $10 billion, no takers.