Breaking News: Tesla Inc market value has now surpassed both legendary Ford Motors and General Motors company market values combined.
January 8, 2020 (Wednesday) Tesla Inc had a market cap of $89 billion, approx 2 more billion dollars then Ford Motors ($50 billion) and General Motors ($37 billion) combined.
Many of Tesla Inc’s attributes for rising market cap has to be with a profitable 3rd quarter the electrical auto maker had; also surpassing auto deliveries in the Chinese market, while also having its stock more then double over the past few months. These all seem to be contributing factors to its increased market cap currently.
With all the accolades Tesla has achieved, there are skeptics in the investment community who believe the company will not able to sustain cash flow nor provide more profitability in the next few years.
The Naira forwards rose immensely as global traders believed the devaluation of the Naira was going to occur. This being the truth as the Naira is now 290 to USD $1. Naira bonds have lost close to 10% this past year alone.
The Naira has been hovering between $197-$199 but in the black market it has been pegged even higher over $300/USD $1. Analysts have indicated that Nigeria had to devalue the Naira to allow growth in a country whose growth stymied around 2-3%. The devaluation recently of the Naira allow currency market FX better positioning and flexibility into its fold. -SB
It looks as Bitcoin has slowed down it’s momentum. The valuation of Bitcoin will substantially be cut this year by half of its value. Falling from a valuation of $71 billion dollars to $30 billion dollars.
Much of the decline in Bitcoin valuations is due to the decline of the Bitcoin exchange markets and Bitcoin theft, that seems to happen often. It is perceived that Bitcoin if somehow regulated in an open regulatory body, then Bitcoin will stabilize in its value and be able to be more appealing to investors and traders.
Bitcoin will have to be able to go beyond being catered to technology investors and trader. It can not just be comfortable with its own niche; their approach and outreach has to be able to be more universal and not only internet technological based.