“It’s almost like Tesla is positioned in people’s minds as an energy storage company<br />that happens to put most of its batteries on wheels,” said Andrew Stewart, chief investment officer at Exchange Capital Management, an investment firm in Ann Arbor, Mich.<br />Tesla is also prone to more volatile stock movements because Mr. Musk<br />and other board members and top executives own a large chunk of shares, leaving a relative few that change hands frequently, he said.<br />Mr. Brauer said that reception was unfortunate for G. M.<br />and Ford because “the reality is, they’re as financially healthy as they’ve ever been, and they’re in very good position for the future.”<br />Both companies have rebounded steadily since the recession, although G. M.<br />needed a bankruptcy filing and $49 billion government bailout to recover.<br />Tesla Passes Ford in Market Value as Investors Bet on the Future -<br />By BILL VLASIC and NEAL E. BOUDETTEAPRIL 3, 2017<br />DETROIT — The record pace of auto sales in the United States is slowing down, leaving investors increasingly bearish on auto stocks.<br />“While you have Ford and G. M., and they’re these decades-old, more-institutional industrial companies.”<br />Because of Tesla’s acclaim and the limited number of shares being traded, the company draws more individual investors,<br />and its share price tends to spike whenever Tesla or Mr. Musk makes news.
