Tesla Motors Inc (TSLA) Is Now Double Fiat’s Size In Terms Of Market Cap
Tesla Motors Inc (NASDAQ:TSLA) stock is now trading at $167 with a market cap of over $20 billion. When Tesla first went public, it was trading at $17 in 2010. Based on market cap, Tesla Motors Inc (NASDAQ:TSLA) is now double the size of Fiat.
Market cap is calculated by multiplying the share price with the shares outstanding.
Tesla Motors Inc (NASDAQ:TSLA) is still a fraction the size of Fiat in terms of vehicle output though. The company pumped out around 21,000 Model S vehicles compared to over 1.8 million Fiat vehicles. Fiat S.p.A. trades on the OTC Market Group (OTCMKTS) with the symbol FIATY and it has a market cap of $9.35 billion. Fiat SpA is the company that that designs, produces, and sells cars under the Fiat, Lancia, Alfa Romeo, Chrysler, Jeep, Abarth, Ferrari and Maserati brands.
Tesla Motors Inc (NASDAQ:TSLA) continues to impress Wall Street with their earnings. The Model S also won a five-star safety rating from the NHTSA and the highest-ever rating from Consumer Reports.
Some investors are worried about a Tesla Motors Inc (NASDAQ:TSLA) bubble though. Growing 350% in one year in terms of stock price seems a bit too quick. Is Tesla’s stock price starting to peak? That is anybody’s guess, but the company does not shows any signs of slowing down in terms of revenues.
[Source: InvestorPlace]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry