With a market capitalization of $ 1.15 trillion, the electric car maker is worth more than twice as much as Toyota and VW put together.
(Photo: Reuters)
Dusseldorf These are troubled times for Tesla shareholders: After the price jump from the start of the week, profit-taking pushed the papers five percent into the red on Tuesday. On Wednesday, shortseller Fraser Perring is causing a stir. He is betting on falling prices at the electric car manufacturer, as he announced on the short message service Twitter.
Perring became known to a wider public in Germany in the wake of the Wirecard scandal. He was one of the first to question the business model of the now insolvent payment service provider.
The founder of the analytics firm Viceroy Research now points out the enormous valuation gap between the shares of Tesla and the established automobile manufacturers Toyota and Volkswagen: With a market capitalization of 1.15 trillion dollars, Tesla is worth more than twice as much as Toyota and VW combined. The world’s two largest automakers each sell ten to eleven times as many vehicles as Tesla.
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