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Nov 05 2021
Market Internals

Additional Factors

  • Nov 5, 2021

Tesla zoomed 44% higher in October and became the newest firm to reach $1 trillion in market cap. Tesla is now valued at 6.25x the combined weight of Ford and General Motors even though the young upstart sports just one-third of either’s revenue. TSLA and MSFT contributed one-fourth of the S&P 500’s 7% October gain.

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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager

Phil Segner Sr. Research Analyst & Co-Portfolio Manager

Phil contributes to Leuthold research publications and is the author of the Green Book's At Random.

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