Quote:
Originally Posted by GreenLantern2814
Honest question: why is Tesla stock double Mercedes and $60 up on VW? It’s $30 higher than Toyota.
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Share price is meaningless in isolation. You have to multiply the price by how many shares have been issued to get market capitalization:
Mercedes: $79B
VW: $72B
Tesla: $551B
So Tesla is 8x the market cap of Mercedes and VW respectively.