Tesla Shares Soar After Announcement That Shareholders Will Vote On New Shares For Stock Split

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by Chris Black

It looks like Tesla doesn’t actually produce cars. The real product it sells is shares of stock. People can’t get enough.

In order for Tesla to earn its trillion dollar valuation, the company needs to take a 120% share of the global auto industry.

How exactly does an electric car company gain more market cap than a traditional auto maker, if the company supposedly will take the others place? Especially when the company makes less profit per unit.

Pets.com was more accurately valued than Tesla, and had a more realistic spokesman.

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