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Tesla worth more than the entire US oil industry?

image credit: Image: WSJ. https://www.wsj.com/articles/the-oil-patch-took-a-heavy-hit-from-the-pandemic-11606732200

It's often pointed out that Tesla has lately grown to be worth more than any other automaker or, even worth more than most of the the top car companies combined. But for another perspective, as of 12/2/20, Tesla was worth roughly the same as the 25 largest US oil companies: Tesla, $567bn; top 25 US oil co's, ~$570bn, per the WSJ. 

 

Adam Aston's picture

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Matt Chester's picture
Matt Chester on Dec 3, 2020

Does that perhaps highlights the misuse of these market evaluations or the errors in them? While I'm rooting for the success of Tesla over the oil supermajors-- the impact to the economy and various industries of Tesla suddenly being gone would  not be as significant as the oil and gas majors suddenly going poof, right? 

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