We are extra than aware that this doesn't mean squat within the real world, however nevertheless it's some thing really worth noting. Last Wednesday's announcement that Mercedes-Benz discern agency Daimler AG's paid $50 million US or approximately ?37 million to collect a ten percent stake in Tesla Motors, approach that the price of the California-primarily based maker of electrical vehicles is $550 million US, or forty seven percentage of what General Motors is really worth these days based totally at the corporation's modern-day inventory price ($1.17 billion US)! Needless to say, GM's stocks have taken a deep plunge lately as the June 1 authorities-imposed financial disaster deadline looms.
"It's sort of fun to look the valuation being half of of General Motors," remarked Tesla co-founder Martin Eberhard in an interview nowadays. "There continually appears to be this huge disparity among the inventory fee of high-growth Silicon Valley corporations and blue-chip organizations which are moderately mature."
Via: Bloomberg
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