Tesla, the inventor, is unshockingly known for the invention of Alternating Current electric technology. (we just know it as electricity) (Did you plug something in today? Thanks Tesla) Tesla, the car company, is widely known for the invention of the electric automobile. Do people really think that? (Actually invented in the 1830's, yea almost 200 years ago!) The only thing Tesla (company) has invented is a stock market valuation of absurdity. (probably not true they probably have invented more stuff than just that) Tesla (company) stock has been lit up by investors trying to get in on the craze of a tech company. This has led to a sky rocketing valuation. Tesla is an automaker and this industry space is filled with tons of competition. Currently (8/31/2020) Tesla (company) has a market capitalization value of around $447 Billion. This is more than the value of Ford ($27B), General Motors ($42B), and Toyota ($183B)... combined. But Tesla (company) sells way more cars than all those other companies, right? Tesla (company) delivered about 368,000 vehicles in 2019. Which is about 1.5% of the 23.84 million cars the other automakers sold. (Ford 5.4 million vehicles, Toyota 10.74 million, and GM 7.7 million) But, Tesla makes a ton of cash compared to those companies. (loss of $862 million in 2019) Hmmm.... So Tesla (company), who undoubtedly has a head start on battery technology and innovation compared to the competitors, comparatively sells very few cars while continuing to lose money. So, why is it valued as if it is the most dominate car company in the world? We arent a financial advisor (you should probably check with yours before listening to some ridiculous blog) but we gave this one the ol' smell test and it has a Musky odor. "Investors" may be driving this stock toward the end of the road. If you invest at this late bubble stage you may be on track for the same fortune that Telsa (inventor) had for himself... In debt due to a lack of prudent financial decision making. That car in space is an actual Tesla that was launched into space in 2018 (somewhere near Mars currently). It is the fastest car in history (currently traveling at more than 50,000 miles per hour) and has traveled more miles than any car in history (over 1 billion miles). Tesla (company) says "if you launch your car into space that voids the warranty and we will not cover repairs." (didnt say that but that warranty is definitely void from mileage alone.) Check it out: Roadster In Space
