Too Long; Didn't Read
As of August 4th, 2020, Tesla shows a market cap of $280B. Tesla's price-to-earnings (P/E) ratio is 764, while VW’s one is just below 13. Tesla sold 367,500 vehicles in 2019, 245,000 in 2018 and 103,000 cars in 2017. VW's board of directors is made of veterans of the automotive industry; executives in expensive suits that rigidly follow le bon ton. In 2016, Real Estate worldwide value surpassed $233Tn. Other asset classes pale in comparison.