Hertz shares jumped 10% on Monday ahead of a share offering, and Tesla jumped 12.7%. If these projections are on target – if Tesla can deliver 900,000 vehicles and all automakers globally combined can deliver 75 million vehicles – then Tesla’s global market share would surge to a record breath-taking dizzying 1.2%:
Total deliveries globally of light passenger vehicles by all automakers combined might come in at 75 million vehicles, which would be down substantially from 2019. But it’s a round number, and we’ll work with it. For the year total, deliveries might approach 900,000 vehicles, which would be a huge push and would require a lot of walking on water. So far this year, Tesla delivered 627,000 vehicles globally, of which 241,000 in Q3, a huge accomplishment, given the semiconductor shortages. Yes, Teslas global sales have soared over the years – from nearly nothing to very little. In terms of global market share, a different picture evolves.
#Jupiter hell vaporware plus
The $115 billion single-day move added a Daimler plus Nissan plus Renault to Tesla’s market cap. That gain of $115 billion in a single day was larger than the market cap of every automaker, except the three most valuable of them: Toyota, Volkswagen, and BYD.
That potential sale of 100,000 rental vehicles compares to 2-3 million rental vehicles that the other automakers sell to rental fleets in the US in a normal year.
Tesla’s share price gain on Monday puffed up its market cap by $115 billion in just one day – on news that it might sell $4.2 billion of low-margin rental cars to Hertz through 2022.
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