November 2017 - Tesla announces the rebirth of the Roadster with a 0-60 time of an astounding 1.9 seconds. The top speed is over 250 miles per hour and the electric range is 620 miles. This is a supercar with a price of $250,000. With 1000 reservations, that would be $250 million for Tesla. finance
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Smart sells a two door electric car with a range of 58 miles for $23,900. This is not a significant competitor to the Tesla Model 3 starting at $35,000 in 2018.
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Tesla will be added to the S and P 500 in December 2020. Yahoo was added to the index in 1999 with a market cap of $56 billion with a price earnings ratio of 900. In 2017, Yahoo was acquired by Verizon for $4.48 billion. Tesla will be entering the index with a much larger market cap, around $464 billion. It’s price earnings ratio is 964.
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