{"id":54022,"date":"2020-07-08T06:48:33","date_gmt":"2020-07-08T11:48:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=54022"},"modified":"2020-07-08T06:48:37","modified_gmt":"2020-07-08T11:48:37","slug":"total-market-insanity-toyota-vs-tesla","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=54022","title":{"rendered":"TOTAL MARKET INSANITY: Toyota vs. Tesla"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/total-market-insanity-toyota-vs-tesla\/\">TOTAL MARKET INSANITY: Toyota vs. Tesla<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The present market insanity reminds me of the similar mentality of Americans right before the 1929 stock market crash and the pre-1999 Tech Bubble.&nbsp; However, the big difference today is that technology has destroyed the ability of investors to understand the meaning of VALUE.&nbsp; The notion that technology makes the world better fails the test of time, especially when you read Joesph Tainter\u2019s book,&nbsp;<a href=\"https:\/\/wtf.tw\/ref\/tainter.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>THE COLLAPSE OF COMPLEX SOCIETIES<\/strong><\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new generation of millennials and even the baby-boomers have fallen HOOK, LINE, and SINKER for the glamour and glitter of technology.&nbsp; So, if we ask most Americans about our future energy predicament, their knee-jerk reply is that \u201cTechnology will solve all of our problems.\u201d&nbsp;&nbsp;<strong>This is quite hilarious when, in fact, complex, sophisticated technology is a massive ENERGY BLACK HOLE.&nbsp; The more technology we throw at a problem, the more energy is consumed.&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, this brings me to my comparison of Toyota Motors vs. Tesla Inc.&nbsp; &nbsp;Toyota was the largest auto manufacturer in the world in 2018 but was overtaken by Volkswagon last year.&nbsp; Toyota didn\u2019t produce any electric cars in 2019 but plans on rolling out ten new EV models in 2020.&nbsp; However, if we compare the market fundamentals for Toyota and Tesla, investors have gone completely insane.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/07\/Toyota-vs-Tesla-Revenues-Net-Income-Car-Sales-2019.png\" alt=\"\" class=\"wp-image-22371\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, Tesla\u2019s market cap is worth $259 billion compared to $206 billion for Toyota.&nbsp; Why did investors push Tesla\u2019s stock up to $1,400 a share ($259 billion market cap) when its total revenues in 2019 were only a little more than Toyota\u2019s net income profits?&nbsp; As you can see,&nbsp;<strong>Toyota posted $19 billion in net income profits on total revenues of $278 billion compared to Tesla\u2019s $862 million net income loss on $24.3 billion in revenues.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Again, a perfect example of the investor mindset today.&nbsp; Profits don\u2019t matter, just technology, regardless if it continues to lose money.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOTAL MARKET INSANITY: Toyota vs. Tesla The present market insanity reminds me of the similar mentality of Americans right before the 1929 stock market crash and the pre-1999 Tech Bubble.&nbsp; However, the big difference today is that technology has destroyed the ability of investors to understand the meaning of VALUE.&nbsp; The notion that technology makes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1849,12073,786,5094,2589],"class_list":["post-54022","post","type-post","status-publish","format-standard","hentry","category-economics","tag-financial-markets","tag-srsrocco-report","tag-technology","tag-tesla","tag-value"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54022"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54022\/revisions"}],"predecessor-version":[{"id":54023,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54022\/revisions\/54023"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}