Ferrari bigger than Big Three

Started by poohbah, May 05, 2020, 07:25:43 PM

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poohbah

Interesting development on US markets last night.


Ferrari tops Detroit Three, Tesla tops all

May 5, 2020 3:27 AM ET|About: General Motors Company (GM)|By: Yoel Minkoff, SA News Editor
Following bumper earnings that sent shares of the sports carmaker up 7% on Monday, Ferrari's market cap ($29.8B) is now worth more than each of the Detroit Three - GM ($29.3B), F ($19.2B) and FCAU ($13B).
Investors are betting on Ferrari's storied brand name and profit margins despite producing a fraction of the other major carmakers (about 10,000 vehicles a year vs. GM's 7.7M), while shares have tripled in value since its IPO in late 2015.
Speaking of market cap figures, Tesla (NASDAQ:TSLA) is worth more than all of the above-mentioned automakers combined at $130B, putting Elon Musk on track for a $700M payout just days after saying the EV maker's stock was too high.

Further interesting fact - at current market capitalisation of US$130B, Tesla is now $30B bigger than BHP - ie a whole GM bigger...
Now:    2002 156 GTA
            1981 GTV
Before: 1999 156 V6 Q-auto
            2001 156 V6 (sadly cremated)

As the day goes

When will the Tesla Burnley butt?

poohbah

sorry mate, you've lost me there.
Now:    2002 156 GTA
            1981 GTV
Before: 1999 156 V6 Q-auto
            2001 156 V6 (sadly cremated)