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At a $10B valuation, Tesla is worth about 1000 times the average car dealership in Texas.
by bob13579 13y ago
At a $10B valuation, Tesla is worth about 1000 times the average car dealership in Texas.
- mikeash 13y agoIf true, then given the fact that there are about 20,000 car dealerships is Texas (http://txdmv.gov/dealers-portal/motor-vehicle-dealers http://txdmv.gov/dealers-portal/motor-vehicle-dealers), that means the dealerships outweigh Tesla by a factor of 20. And that's not even counting the fact that these are all dealers in Texas, whereas Tesla's presence applies to the entire country. If we assume Texas is about 1/10th of the US, that means the local dealers outmatch them by a factor of about 200.