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Wednesday, August 28, 2013

Wrong Again

Everybody loves Tesla except me. They make the fancy electric car powered by laptop batteries. Nobody but me likes Mitsubishi. I don't understand.

Toyota sold almost 10 million cars last year. Divide the market value of the company by the number of cars and you get around $22,000 per car. Do the same calculation for Mitsubishi, who sold around 600,000 cars last year, and you get $10,000 per car. So people think the Toyota company is twice as good as Mitsubishi.

Do the same calculation for Tesla and you get nearly $1,000,000. That's one million dollars, 50 times as much as Toyota, and 100 times as much as Mitsubishi. Tesla may be in fashion now, but sooner or later they are going to take a fall, and it's going to be a big one.

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