Chinese companies vanish from world's top 10 by market cap

[F-22Raptor]

In the real world people don't drive car company valuations. They drive cars.

BTW how's Tesla after that 30% haircut?

It’s only declined because Elons selling 10% of his Tesla stock to pay tax and hedge funds and institutions have been front running his selling. Now that Elons sold 81% of those shares, your seeing funds buy again, hence the 7% rise today. I’m long Tesla to 2030. I held when Tesla declined last year over 20% in a single day. I held from 900 to 550. Even after the decline I hold nearly half a mil in Tesla stock. It’s easy holding at this point.

 

[xuxu1457]

Market Value
The US stock market has been injected with $5 trillion of water. China's stock market has not injected water.

 

[Bilal9]

The idiocy on this forum knows no bounds. Just like the rube above who thinks dinosaur Toyota, whose light years behind in EVs and software, should be valued over Tesla

I don't know whether I should laugh or cry at this comment.

Why bad mouth Toyota?

Toyota will still exist in twenty plus years when Tesla is long gone as a brand. Tesla is a fluke. Here today, gone tomorrow.

Toyota had cars running with Fuel-cell technology twenty years ago when this South African nutcase was out looking for jobs.

Toyota strategy is measured in decades, not years.

I doubt you are an engineer - because you don't get that Industry trend is going toward fuel-cells. Tesla and electrics are just a blip in the longer scheme of things.

Toyota is HQ'd in Dallas now and as "Red, White and Blue" an American company as they come. They make more Toyotas in the US than most other countries. And an increasing number of those cars are plug-in hybrids and electrics.

Camrys are the most reliable all American cars one can buy. For LA, Lexus is the reliable brand people buy.

True - Toyota may be slow to move over to all electrics, but I am sure their strategy does not include $100,000 electric cars for the longer term. That is untenable.

Prius models predated Teslas by many years. Now almost all Toyota's car lines have plug-in hybrids and full electrics. California leads the nation in this adoption and is also adopting Fuel cell powered cars faster than other cars.

I drive around in LA and day before yesterday I saw even Hyundai had a previously unseen Fuel cell powered small SUV. They joined seven/eight other car brands (Including Honda) who are getting to adopt this.

Future belongs to established companies like Toyota and Honda, not specialized mfrs, like Tesla, whether electric or Fuel-cell

 

[FairAndUnbiased]

I don't know whether I should laugh or cry at this comment.

Why bad mouth Toyota?

Toyota will still exist in twenty plus years when Tesla is long gone as a brand. Tesla is a fluke. Here today, gone tomorrow.

Toyota had cars running with Fuel-cell technology twenty years ago when this South African nutcase was out looking for jobs.

Toyota strategy is measured in decades, not years.

I doubt you are an engineer - because you don't get that Industry trend is going toward fuel-cells. Tesla and electrics are just a blip in the longer scheme of things.

Toyota is HQ'd in Dallas now and as "Red, White and Blue" an American company as they come. They make more Toyotas in the US than most other countries. And an increasing number of those cars are plug-in hybrids and electrics.

Camrys are the most reliable all American cars one can buy. For LA, Lexus is the reliable brand people buy.

True - Toyota may be slow to move over to all electrics, but I am sure their strategy does not include $100,000 electric cars for the longer term. That is untenable.

Prius models predated Teslas by many years. Now almost all Toyota's car lines have plug-in hybrids and full electrics. California leads the nation in this adoption and is also adopting Fuel cell powered cars faster than other cars.

I drive around in LA and day before yesterday I saw even Hyundai had a previously unseen Fuel cell powered small SUV. They joined seven/eight other car brands (Including Honda) who are getting to adopt this.

If a Chinese company had the PE ratio and track record of Tesla these jokers would be laughing at a bubble.

 

[F-22Raptor]

I don't know whether I should laugh or cry at this comment.

Why bad mouth Toyota?

Toyota will still exist in twenty plus years when Tesla is long gone as a brand. Tesla is a fluke. Here today, gone tomorrow.

Toyota had cars running with Fuel-cell technology twenty years ago when this South African nutcase was out looking for jobs.

Toyota strategy is measured in decades, not years.

I doubt you are an engineer - because you don't get that Industry trend is going toward fuel-cells. Tesla and electrics are just a blip in the longer scheme of things.

Toyota is HQ'd in Dallas now and as "Red, White and Blue" an American company as they come. They make more Toyotas in the US than most other countries. And an increasing number of those cars are plug-in hybrids and electrics.

Camrys are the most reliable all American cars one can buy. For LA, Lexus is the reliable brand people buy.

True - Toyota may be slow to move over to all electrics, but I am sure their strategy does not include $100,000 electric cars for the longer term. That is untenable.

Prius models predated Teslas by many years. Now almost all Toyota's car lines have plug-in hybrids and full electrics. California leads the nation in this adoption and is also adopting Fuel cell powered cars faster than other cars.

I drive around in LA and day before yesterday I saw even Hyundai had a previously unseen Fuel cell powered small SUV. They joined seven/eight other car brands (Including Honda) who are getting to adopt this.

Future belongs to established companies like Toyota and Honda, not specialized mfrs, like Tesla, whether electric or Fuel-cell

Your another dope whose completely out of touch with tech and the future of transportation. Tesla a fluke? Future belongs to Toyota and Honda? Yikes…..

Im saving this one for future accountability.

If a Chinese company had the PE ratio and track record of Tesla these jokers would be laughing at a bubble.

PE ratio means nothing for a high growth company like Tesla

 

[patero]

The idiocy on this forum knows no bounds. Just like the rube above who thinks dinosaur Toyota, whose light years behind in EVs and software, should be valued over Tesla

I don't even know where to start with that comment, every single US company on the list has built a dominant market and strategic position through years/decades of R&D and product development, admittedly with some degree of M&A's (usually other US firms).

 

[F-22Raptor]

I don't even know where to start with that comment, every single US company on the list has built a dominant market and strategic position through years/decades of R&D and product development, admittedly with some degree of M&A's (usually other US firms).

And Toyota and Honda are the future, while Tesla is a fluke

These mindsets are why the US remains at the forefront while their countries remain backward, behind, or fast followers.

 

[Mista]

In the short term, the stock price has nothing to do with the business fundamentals. Anyone who's in the stock market should know that by now.

 

[TigerOfMysore]

US private sector is the lifeblood of the modern science and tech world. It’s where the vast majority of cutting edge technology is developed today.

I beg to differ. US was once a solitary innovation center and that in large measure had to do with the post primary education system and its linkages with private sector. That exclusivity no longer stands. China along with others on a smaller scale have narrowed that gap faster than we realize. US is still ascendant but not for long. I would give China another decade or so to seriously challenge the US in the originality of scientific output. In some areas China has already overtaken the US.

 

[ziaulislam]

China can never truly compete with the US if it’s private sector continues to get crushed.

I guess u have no idea how stocks and equities work do you?

 

[TigerOfMysore]

These are 5 areas are great technological innovation in the next few decades:
1) Genomics
2) AI
3) QC
4) Fab Manufacturing (notice I did not write semi-conductor manufacturing)
5) Renewables & Alternative Energy

In 3 out of these 5 areas China is either at par or ascendant to the West. In one of the two remaining they are closing the gap quick. Only one area of Genomics does the West retain a decent gap. Things are not as rosey as some in the West think.

 

[MH.Yang]

A company that is not listed does not mean that it does not exist.
To be honest, the value of these 10 companies combined is not as good as that of China tobacco company. In 2020, the net profit of China Tobacco Corporation was 1280.6 billion CNY (US $204 billion).

China's economic pillar all are such some huge state-owned enterprise that is not listed. Compared with listed companies, it is better to compare the number of global top 500 companies. There are 143 in China and 122 in the USA.

 

[patero]

In the short term, the stock price has nothing to do with the business fundamentals. Anyone who's in the stock market should know that by now.

That depends what you mean by 'in the stock market', you're refering to trading. If you go long, stock prices in the short term are meaningless, strong business fundamentals are where the smart money goes.

 

[Mista]

That depends what you mean by 'in the stock market', you're refering to trading. If you go long, stock prices in the short term are meaningless, strong business fundamentals are where the smart money goes.

I'm talking about investing for the long term. The thread is talking about market cap.

The Hang Seng index is the worst performing index this year among major indexes, despite China remaining as the fastest growing major economy this year. Alibaba is down like 60% despite healthy revenue growth of ~30% amidst regulatory pressure, consumption growth slow etc. Obviously it's not in line.

 

[F-22Raptor]

In the real world people don't drive car company valuations. They drive cars.

BTW how's Tesla after that 30% haircut?

El o el…..Tesla nearing all time highs again