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News Story Source: Zero Hedge – Tyler Durden
Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com,
Since the beginning of 2020, the aggregate market cap of the twelve largest automakers is up 9.30% to $803 billion. Quite an increase considering the COVID pandemic is causing a global recession and weak auto sales.
The obvious question is, why is the auto sector doing so well amid such uncertainty?
The optics are "driven" by one stock, Tesla (TSLA). TSLA's stock price continues its moonshot while other automakers languish. The gross divergence of fortunes in the industry is worth exploring.
As has always been the mandate of our articles, we look at data on auto sales, industry trends, and demographics to help you come to your conclusion about Tesla and the auto industry. This, in turn, allows you to assess Tesla better independently.
According to the International Organization of Motor Vehicle Manufacturers, global vehicle sal
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