The firm is doing well, but it will have perform amazingly to merit its position as the world’s most valuable carmaker
Musk’s all-or-nothing ultimatum has made for box-office corporate drama, and nervous times in Twitter’s boardroom. But social media executives may not be the only ones feeling queasy: Tesla shareholders are also watching closely. Shares in Musk’s electric car company dropped by 3% on Thursday.
The last of these is perhaps the most pressing for Tesla’s investors. For Musk, Tesla is only one part of the world’s ultimate portfolio career. He also runs companies exploring brain-controlled computing, the colonisation of Mars, and car tunnels that will try to simultaneously defy Los Angeles congestion and theTo justify a price-earnings ratio of more than 200 will require a sales trajectory mimicking a SpaceX rocketand near-bankruptcy to reach a $1 trillion market value.
This is one of the most ambitious manufacturing expansions in corporate history. Tesla’s capacity is growing rapidly, with 936,000 deliveries in 2021. It’s a hugely impressive feat given that the company essentially had to invent electric vehicle production, but it is still less than half that of premium rival Mercedes-Benz.
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