I was reading the latest TIME of the 100 most influential companies and saw a note that Tesla's market cap was around $700 billion , while General Motors was under $100 billio n. Turns out that today this figure for Tesla is $567 billion, even though General Motors sold 6.8 million cars in 2020 while Tesla only sold half a million. Part of this market cap value is the stock value of the company, and GE sold 8.5 million vehicles in 2018. You got to wonder if Tesla is monstrously overvalued. If you were wondering why Reese Witherspoon was on the cover, her company has been really influential. Later, I saw that one with even fewer assets, Facebook, had a market cap of $890 billion . What is market cap? Simply, multiply the total number of outstanding shares by the current market price. Has nothing to do with what they are really worth. Then, I saw that Tencent, a Chinese company, is the most valuable company in Asia with a worth of $750 billion . However, worth is different f
New SIMPLE SOLUTIONS for PLANET EARTH AND HUMANITY: This blog site derives from the original version of Planet Earth & Humanity, but will be more WE than ME. The coverage will remain similar, but perhaps these postings will seem to come from a parallel universe, or maybe even Purgatory. But truth and reality will prevail, with dashes of whimsy and levity to help make your day.