Is Tesla really more valuable than Toyota?
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Market cap alone is a misleading measure of company value because it ignores debt. When comparing Tesla and Toyota, Tesla's $558bn market cap dwarfs Toyota's $329bn — but Toyota carries $200bn in debt versus Tesla's $9bn. Using enterprise value (market cap + borrowings - cash), Tesla ($553bn) and Toyota ($466bn) are much
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The missing billionsWhy borrow money instead of selling shares? Or vice versa?Singleton-mindedContact/etcOther notesSort: