{"id":64083,"date":"2020-12-12T02:15:13","date_gmt":"2020-12-12T10:15:13","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=64083"},"modified":"2020-12-15T09:34:31","modified_gmt":"2020-12-15T17:34:31","slug":"black-coffee-12-dec-2020","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id64083-black-coffee-12-dec-2020.html","title":{"rendered":"Black Coffee: Bulls and Crocodiles"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

I hope everybody had a good week. Without further ado, let’s get to this week’s financial commentary …<\/p>\n

The first principle is that you must not fool yourself — and you are the easiest person to fool.<\/em><\/p><\/blockquote>\n

— R. Feynman<\/strong><\/p>\n

Never confuse genius with a bull market.<\/em><\/p><\/blockquote>\n

— J. Bogle<\/strong><\/p>\n

I would as soon leave my son a curse as the almighty dollar.<\/em><\/p><\/blockquote>\n

— Andrew Carnegie<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Debit:<\/strong><\/span> Did you see this? Tesla’s 2021 earnings projections<\/a> have fallen 20% since August 2018. Yet Tesla shares have increased 600% this year alone and the company is worth more than the next four most valuable carmakers combined — despite producing only 500,000 vehicles per year versus 10 million at Toyota and Volkswagen. Huh. Makes sense.<\/p>\n

\n

Tesla Market Cap: $609 Billion<\/p>\n

Other Autos…
\nVolkswagen: $96 bil.
\nAudi: $83 bil.
\nDaimler: $74 bil.
\nGM: $63 bil.
\nBMW: $58 bil.
\nFerrari: $52 bil.
\nHonda: $51 bil.
\nFord: $37 bil.
\nFiat Chrysler: $33 bil.
\nPeugeot: $22 bil.
\nPorsche: $20 bil.
\nCombined Total: $589 bil.<\/p>\n

Data: @ycharts<\/a><\/p>\n

Charlie Bilello (@charliebilello) December 8, 2020<\/a><\/p><\/blockquote>\n