Quote:
Originally Posted by Resolute 14
He was being sarcastic, obviously.
That said, I'm not sure what he thinks his point is. Market cap is not market share, and the latter would be a far more useful rebuttal to calgaryblood's argument than pointing out how hyped investors are.
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I'm not that surprised you don't get the point. Market cap is a very good indicator of investor confidence, and how well they think the company is going to perform in the foreseeable future. The fact the Tesla does have such a high market cap is a good indicator of where people see not just the fortunes of Tesla going, but the fortunes of the whole auto industry. The days of the combustion engine being under the hood of most cars is coming to an end. Alberta needs to find a new market for its fossil fuels.