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2009-05-22 18:02:47.659381+00 by Dan Lyke 3 comments

Tesla motors worth half of GM:

Tesla, thanks to Daimler's 9 percent stake, is valued at $550 million. GM sold 8.35 million vehicles worldwide in 2008; its market value as of Thursday was $1.17 billion, based on the closing stock price of $1.92.

"It's sort of amusing," remarked Tesla co-founder Martin Eberhard.

[ related topics: Gambling Economics ]

comments in ascending chronological order (reverse):

#Comment Re: made: 2009-05-23 05:48:39.747151+00 by: ebradway

I was talking with friends about this Wolfram|Alpha comparison of GM and Starbucks. GM currently has 1/10th the market capital of Starbucks but has 10x the revenue. GM also pays dividends.

Reminds me of when IBM stock tanked in the late 90s. People lost track of just how big IBM was, especially in terms of intellectual capital. GM, similarly, owns an insane amount of IP, real estate and other things.

#Comment Re: made: 2009-05-23 12:56:50.231839+00 by: meuon [edit history]

It's the "Dot.Car" era of stupidity. The government is trying to fund/create a "Dot.Energy" aka smart grid one as well.

People forget that IP isn't just the patents and 3 ring binders (now an internal Wiki), it's the people with know how and skills that make them work that are really important.

Thowing a lot of money at a technology sometimes produces results, but mostly it fuels biz-dev-bonfires. Lots of suits.

#Comment Re: made: 2009-05-29 20:01:04.769913+00 by: ebradway

GM dropped below $1/share today. Google currently reports their market cap at $495M - Tesla's worth more!

GM is like one of those pieces of property that can't even be given away because the ground is so toxic that the cleanup will cost more than the property could possibly be worth. There's a few of those around 'Nooga.

Sure, GM has some valuable parts - but the deadweight out weighs it.