Credit to Author: Rob Shaw| Date: Thu, 23 Jan 2020 20:20:23 +0000
VICTORIA – Ride-hailing companies Uber and Lyft have been approved to operate in Metro Vancouver, paving the way for the major companies to get vehicles on the streets within days or weeks. The Passenger Transportation Board ruled Thursday that both companies can begin to put cars on the streets in the Lower Mainland and Whistler, […]
Credit to Author: Rahul Sonnad| Date: Thu, 09 Jan 2020 06:34:20 +0000
There is a long-standing argument about whether Tesla is a car company or a tech company. This argument is typically made in the context of how Wall Street should value the company. If Tesla is just a new kind of carmaker, it should be valued at something significantly less than its annual revenue — maybe 25% to 50%, like Ford and GM. Alternatively, if Tesla is a tech company, then it could be valued significantly higher. Google, for example, is trading at about 6 times its revenues today, Facebook at 8, Microsoft at 9, and Salesforce at 10 times. Tesla trades at around 3 times its revenues with some profits, while Uber and Lyft trade around 4 times revenues and have never been profitable