The Tesla Cybertruck proves a sales hit long before its release, now worth more than BMW

[Redaktion]

Tesla's Cybertruck reservations alone are now worth more than BMW or Ford with no deliveries in sight, just a tentative Q4 2022 release timeframe. The electric pickup reservations are now more than 1.2 million, potentially bringing Tesla a US$80 billion windfall in pre-sales. While investors are cautious about the EV stock bubble that is now worth more than storied legacy automakers, the Cybertruck sales success story indicates that the bubble may not pop any time soon.

https://www.notebookcheck.net/The-Tesla-Cybertruck-proves-a-sales-hit-long-before-its-release-now-worth-more-than-BMW.581088.0.html

[Valantar]

It would be nice if there was a bit of critical journalistic attention paid to the metrics used here. Market capitalization is not a neutral or ultimate designation of the value of a company, it only defines the price of the outsanding shares (i.e. not owned by the company) of any publicly traded company. For an overhyped tech company like Tesla, that will vastly inflate their value. For comparison. BMW had nearly €100BN in revenue in 2020, compared to $31.5 for Tesla.

Please don't mindlessly regurgitate the idea that stock prices indicate anything beyond the current whims of the notoriously fickle shareholder class. That is all market cap indicates, and it has zero direct relation to the revenue, success, or other value of the company or its products. There can be some correllation, but there is no causal or other direct relation.