Overnight, the formerly near-bankrupt Hertz company (the rental car guys) put in a big order to electrify their vehicle fleet, using Tesla’s product.
For a comparatively small order, the market cap reaction of TSLA stock was sizeable. TSLA is a meme stock, and good news tends to be exponentially magnified.
To get a sense of valuation, consider the below, with the worlds largest, most profitable automotive manufactures on the left, and TLSA, on the right, by market cap.
Next up, we have forecast sales. Now our list changes slightly, as Peugot doesn’t have data, but otherwise, it is the exact same. Major auto’s on the left, TLSA on the right.
It is truly a sight to behold.
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