Tesla stock surged 6% Monday on higher than anticipated sales figures giving the company a market value of about $48 billion. Ford stock dropped about 4% on lower than anticipated sales leaving it with a market value of about $45 billion.
There is no way that Tesla is worth more than Ford. They sold 25,000 cars, generated about $7 billion in gross revenue, and lost nearly a billion last year. They have only had 2 quarters in the history of the company they didn't lose money. By contrast last year Ford sold more than 617,000 cars, had more than $151 billion in revenue, and turned a profit of more than $1.5 billion. What the fuck is wrong with our stock market?