So Tesla stock closed today at $1119 making its market cap more than Toyota. On paper, it’s value is greater than that of… Toyota.
It’s also worth more than Coca-Cola, Disney, Cisco, Merck and Exxon Mobil.
If there’s was ever an example of a speculative stock and the speculative nature of the stock market in general, this is it.
Incidentally I was all gung-ho and seriously leaning towards a Model 3, however given the non-stop quality issues I see owners having on YouTube and the fact that it had an average of 250 problems per 100 vehicles (J.D. Power Initial Quality Study), I’m going to pass…or wait.
That’s simply unacceptable for a car in the price range of the Model 3 performance.
To put that in perspective, that’s twice as many as Dodge. And Dodge is a car maker I wouldn’t touch with a ten foot pole.
Look I get all the reasons why they are where they are with this number of issues, but for me issues with cars, especially ones that might leave me stranded on the side of the road for hours, infuriate me like few things can.
To the point that burning the car to the ground is a option that’s on the table.
So yeah, a Tesla will have to wait to be in my garage.