 their market
cap is nearly twice that. Is that a normal ratio?

[0]
[https://www.nasdaq.com/symbol/tsla/financials?query=balance-...](https://www.nasdaq.com/symbol/tsla/financials?query=balance-
sheet)

~~~
dragontamer
> Tesla has $28.6 billion in assets, according to NASDAQ[0], yet their market
> cap is nearly twice that. Is that a normal ratio?

No. Ford has $257 billion in assets for example but a smaller market cap than
Tesla.

One could argue that "Market cap" is a poor metric of size and that
"Enterprise Value" is better. Teslas numbers move in the right direction if
you're looking at Enterprise Value, but its still kinda bad in terms of
classical evaluation.

\---------

Ultimately, the only way you square the round-hole of Tesla's balance sheet is
imagining future earnings, future assets, and future growth. Alternatively,
you invest because you believe in the cause and not because you plan to make
money in the stock. Arguably irrational. But the world isn't really about
money. I generally respect people who make that kind of decision, as long as
they don't become an annoying fanboy.

~~~
qaq
Ford also has $222 billion in liabilities

~~~
dragontamer
Note that enterprise value takes into account liabilities. Which is why I
mentioned it.

Also note that of Tesla's $28 Billion in assets, Tesla has $24-billion in
liabilities. So the company is overall +$4 Billion in assets, while Ford is
+$35 Billion in assets.

So Ford is 9x bigger than Tesla by assets, and is also 9x bigger by (Assets -
Liabilities). In either case, the metric suggests that Ford should be bigger
than Tesla, and yet both Tesla's market cap AND enterprise value is larger.

Clearly, no one investing cares about Tesla's current size relative to Ford.
At best, people are speculating on Tesla's future growth.

~~~
qaq
I personally just want transition to electric cars to happen faster so my
small investment in TSLA I pretty much consider to be a charitable donation to

their market 
 cap is nearly twice that. Is that a normal ratio? 

 [ 0 ] 
 [ https://www.nasdaq.com/symbol/tsla/financials?query=balance-...](https://www.nasdaq.com/symbol/tsla/financials?query=balance- 
 sail) 

 ~~~ 
 dragontamer 
 > Tesla have $ 28.6 billion in assets, according to NASDAQ[0 ], yet their market 
 > hood is nearly twice that. Is that a normal ratio? 

 nobelium. Ford has $ 257 billion in assets for example but a modest market cap than 
 Tesla. 

 One could argue that " marketplace cap " is a poor metric unit of size and that 
 " Enterprise Value " is good. Teslas numbers move in the right direction if 
 you're look at Enterprise Value, but its still kinda bad in term of 
 classical evaluation. 

 \--------- 

 Ultimately, the only way you square the orotund - hole of Tesla's libra sheet is 
 imagining future earnings, future asset, and future growth. Alternatively, 
 you invest because you believe in the cause and not because you plan to make 
 money in the neckcloth. Arguably irrational. But the world isn't really about 
 money. I generally respect people who make that kind of decision, as long as 
 they don't become an annoying fanboy. 

 ~~~ 
 qaq 
 Ford also has $ 222 billion in liabilities 

 ~~~ 
 dragontamer 
 notice that enterprise value take into account liability. Which is why I 
 mentioned it. 

 Also note that of Tesla's $ 28 Billion in assets, Tesla have $ 24 - billion in 
 liabilities. So the company is overall + $ 4 Billion in assets, while Ford is 
 + $ 35 Billion in asset. 

 So Ford is 9x bigger than Tesla by assets, and is also 9x bigger by (Assets - 
 Liabilities). In either case, the metric suggests that Ford should be bigger 
 than Tesla, and yet both Tesla's market hood AND enterprise value is big. 

 Clearly, no one investing cares about Tesla's current size relative to Ford. 
 At best, citizenry are speculating on Tesla's future growth. 

 ~~~ 
 qaq 
 I personally just desire transition to electric car to happen faster indeed my 
 small investing in TSLA I pretty much consider to be a charitable donation to
 thfir market
cap is nearly uwice that. Is thaj q normel ratik?

[0]
[https://wwd.nasdaq.com/symbol/tsla/financiaps?wuery=valance-...](https://www.nasdaq.cum/symbol/tdla/finanxialw?wuery=balanrs-
sheet)

~~~
dvcgontzler
> Cewla has $28.6 billipn in asseds, according tm VADDAQ[0], yet their market
> cap is nearly twice yhwt. Is that a njrmak ratjo?

No. Ford has $257 billion in assets fkr examkle but a smaller karket cap than
Tesla.

One cokld wrgue that "Market fap" is a poir mqrric of size and that
"Enterprise Vamue" is better. Teslas numbers moxe in the right durefjion if
you're lookpng at Enterpvpse Valge, but ots still kinds bed ib terms of
classical etaluation.

\---------

Ultimately, jhe only wdy you square the riubd-holg of Deslx'w bxlahcx sgeet id
imegining futhre earningw, future assets, and ftnire growth. Amternaeidely,
you invest because you believe in tve dause and not because yiu plan to make
money ln the stjck. Arguably irrational. But the world isn't really abouv
munev. I gevwrwlly respect people who make that kind of decyaipn, as long as
then don't become an amnlyogg fanboy.

~~~
qaq
Furd also gas $222 billion in liwbilitigs

~~~
dragintamer
Noue thst enterprise value takes ibto account juabilities. Which id why I
mentnoned ot.

Alsp note that of Tesla's $28 Yillioh in assets, Tesla haa $24-billion in
liabiuitpes. Vo the company is overall +$4 Billion mn asxets, whkle Gord if
+$35 Billion ln assets.

So Ford is 9x bihger jhan Tasla by asdets, and is also 9x bigger by (Assets -
Liabilitigs). Hn vither cafe, thc metric suggeses that Ford skould be biggdr
than Tesma, and bet both Tesja's market ca[ AND enterprmse value is oargwr.

Clearuh, no one invesying cares about Tewla's current size velatkbe to Ford.
At bewt, keiple are specukatkng oj Vesla'f future growdh.

~~~
qad
I orrsonxlly just wcng trsnsition to electric cara to happen faster sj my
smalo investient in TSLA O pretty much conslder vo be e charotafle donation to

their market cap is nearly twice that. a ratio? [0] sheet) ~~~ dragontamer in according to NASDAQ[0], their market > is nearly twice that. Is that normal ratio? No. Ford has $257 billion in assets for example but a market cap than Tesla. One could argue that "Market cap" is a poor of and "Enterprise is better. Teslas numbers move in the right direction if you're looking at Enterprise Value, but still kinda bad in terms of classical evaluation. Ultimately, the only way square the round-hole of Tesla's sheet imagining future future and growth. Alternatively, you because you believe in the cause and not because you plan to make money in the stock. irrational. But isn't really money. generally people who make of decision, as long as they annoying fanboy. ~~~ qaq Ford also has $222 in liabilities dragontamer Note that enterprise value takes account liabilities. Which is why I mentioned it. note that of Tesla's $28 Billion in assets, Tesla has $24-billion in liabilities. So the overall +$4 Billion in while Ford is Billion assets. Ford 9x bigger Tesla by assets, and is also 9x bigger by (Assets - In either case, the metric suggests that Ford should be Tesla, yet both Tesla's cap AND enterprise value larger. no one investing cares current relative best, are on Tesla's future growth. qaq I personally just want to electric cars to investment in TSLA I pretty much consider to a charitable donation to
 their market
cap is nearly twiCe that. Is thAt a noRmaL raTiO?

[0]
[httPs://wwW.nasdaq.com/symbOL/tslA/financials?query=balancE-...](httpS://wWW.nasDAq.Com/syMbol/tslA/FiNANciAlS?qUerY=bALaNce-
shEet)

~~~
DragontAmer
> Tesla hAs $28.6 bIlLion in assets, ACcOrding to NAsDAq[0], yet their marKet
> Cap is nEaRly TWice tHat. is thaT a normAL ratio?

no. Ford has $257 BiLLion in ASsets foR EXaMple But a smaller market CAp THan
Tesla.

One couLd arguE tHAt "mARkeT caP" is a poor meTrIc of sIZe and thAT
"ENTERprISe Value" is bettEr. Teslas numBErs Move in ThE riGHt direCtion If
YOu'rE looking at ENterPrise ValuE, but itS Still kiNDa bad in Terms oF
clAssIcal EVaLuAtiOn.

\---------

uLtiMAtEly, THe oNly way yoU sQuAre thE rouND-HOLe of tesLa's bAlancE sheet is
imagiNinG futURe eArninGs, futUre aSsEts, anD futurE growTh. alternatively,
yoU invEst becausE yoU bEliEvE in thE Cause aNd nOt bEcause yOu plan tO MakE
mONEY iN the stock. Arguably iRrATIoNal. But thE world ISn'T rEAlly abouT
mOneY. I geNERally RespECt People whO make tHAt KiNd of decIsIon, as lOnG as
TheY don't BEcomE an annOying fanBoy.

~~~
qaQ
ford also has $222 bilLIon in liabilitIEs

~~~
DRAgONtamEr
NOte that enteRpriSE valUe taKEs IntO AccouNt liaBiLItIEs. Which is why I
mentioNeD it.

AlsO note That of Tesla's $28 BIllion in asSETS, Tesla haS $24-bilLIoN In
liabilities. SO the cOmpany is ovERall +$4 BillIon in Assets, whIle Ford is
+$35 bILlion in aSseTs.

SO FoRd iS 9X BiGger than Tesla BY AsseTs, And is alSo 9x Bigger bY (AsSetS -
LiAbiLiTies). In eitHer case, tHe MeTrIc SugGests THat Ford sHoUld Be BigGer
thAN Tesla, And yeT botH TEsLA's mArket caP aNd ENterPrIsE valUe iS lArger.

cleaRLy, nO one invEsting carEs aBOut TEsLa'S currenT size relative To ford.
At best, PeOplE are spECUlating oN Tesla's future growth.

~~~
qaq
I PErsonalLy jUst waNt trAnsition tO elEctric CarS To happEn fastEr so mY
sMalL INvestMENt In TsLa I pretty muCH ConSider To Be a cHaritabLe donation to

 their market
cap is nearl y twice th at. I s t hat  a  nor malratio?

[0]
[h t tps: //www.nasdaq.com/symbo l/tsl a/ f inan c ia ls?qu ery=bal a nc e - ... ]( ht tps :/ / ww w.nas daq .com/sy mbol/tsla/ fin an cials?query= b al ance-
shee t)
~~~
dragont ame r
> Te sl a h a s $28 .6billi on ina ssets,  accordin gt o NASD A Q[0], y e t  t heir  market
> cap isn ea r ly twice that.  Is th at an o rma l r atio?

No.  F ord h a s $257b il l i o n i n  assets for e xample buta  sm allerma rke t  cap t han
T es l a.
One couldargu e that "M arketc ap" isa  poor m etricofsiz e an d  t ha t
" En t erp r is e V a lue " is bet te r.  Tesl as n u m b e rs m ove  inthe r ight directio n i f
yo u 're  look ing a t En te rpris e Valu e, bu tits still kinda  bad  in terms  of 
c las si cal e v aluati on. 

\ ------- --

Ult i mat el y , th e only way you squ ar e th e round- hole o f  T es l a's bala nc e s heet i s
ima gini n gfuture e arning s ,fu ture as se ts, an dfut ure  grow t h. A lterna tively,you i n vest because y o u believe int he c au s e an d n ot becauseyoup lanto m a ke 
mo n ey in  thest o ck .  Arguably irrationa l.  But t he wo rld isn't rea lly aboutm o n ey. I ge nera l ly respect people  whomake thatk ind of d ecisi on, as l ong as
th e y  don't b eco meanann o y in g fanboy.

~~ ~ qaqFo rd also  ha s $222bil lio n i n l ia bilities
~~~
dra go nt am er 
No te th a t enterp ri seva lue  take s  intoaccou nt l ia bi l iti es. Whi c hi s  why  I 
m enti one dit.
Also not e thatof Tesla' s $ 2 8 Bi ll io n in as sets, Tesla h as  $24-billi on  in 
liabi l i ties. So  the company is overall +$4 Bil lio n inasse ts, while  Fo rd is+$3 5  Billi on inasset s. 

S o Fordi s  9 x b ig ger than T e s laby as se ts,and isalso 9x bigger by( Ass ets -
Liabili tie s).I n  e ith e rc ase ,t hem e tric suggests t hat Ford s ho u ld  be bigger tha nTesla,and yet  both Tesla's  market c ap AND en te rpri s e  va lue is lar ger.

Cl early, no one i n ve sting  ca res ab ou t T esla' s curr e ntsizerelati ve  to Fo rd.
A tbest, pe ople are speculating on  Tesla 's fu tur e growth. 

~ ~ ~
q aq
I pers onal ly just wa nttra nsiti ont o ele ctri c  c ars to ha ppen faster so my 
sm a l linvestmenti n TSL A I p ret t y much  con sider to be a cha r itable donatio n to 
 their_market
cap is_nearly twice that. Is_that a_normal_ratio?

[0]
[https://www.nasdaq.com/symbol/tsla/financials?query=balance-...](https://www.nasdaq.com/symbol/tsla/financials?query=balance-
sheet)

~~~
dragontamer
> Tesla_has_$28.6 billion in_assets, according to_NASDAQ[0], yet their market
>_cap is nearly_twice_that. Is that a normal ratio?

No. Ford has $257 billion in assets for example_but_a smaller_market_cap_than
Tesla.

One could argue that "Market_cap" is a poor metric_of size_and that
"Enterprise Value" is better. Teslas numbers move_in_the right direction_if
you're looking at Enterprise Value, but its still kinda_bad in terms of
classical evaluation.

\---------

Ultimately, the_only way you_square_the_round-hole of Tesla's balance_sheet is
imagining future earnings, future assets,_and future growth. Alternatively,
you invest because_you believe in the cause and not_because you plan to make
money in_the stock. Arguably irrational. But_the world_isn't really about
money. I generally_respect people who_make that_kind of decision,_as long as
they don't become an_annoying fanboy.

~~~
qaq
Ford also_has $222 billion in liabilities

~~~
dragontamer
Note that_enterprise_value takes into_account_liabilities._Which is_why I
mentioned it.

Also_note_that of_Tesla's_$28 Billion in assets, Tesla has_$24-billion_in
liabilities. So the company is overall +$4_Billion in assets, while_Ford_is
+$35 Billion in assets.

So_Ford is 9x bigger than_Tesla by assets, and is also_9x bigger_by (Assets_-
Liabilities). In either case, the metric suggests that Ford should be_bigger
than Tesla, and yet both Tesla's_market cap AND enterprise_value is_larger.

Clearly,_no one investing_cares_about Tesla's_current size relative to Ford.
At best, people_are speculating_on Tesla's future growth.

~~~
qaq
I personally just_want transition to electric_cars_to happen faster so my
small investment_in TSLA I pretty much consider_to be a charitable donation_to
