Jeff Reeves on Tesla's $89 billion market cap

For the life of me, I don’t know why investors make such a big deal about market-cap comparisions between Tesla and legacy automakers like Ford Motor Co.  How is this a relevant metric that says anything about where either stock is headed?  Raw size simply doesn’t matter — and even in the context of measuring valuation, market cap has serious shortcomings.

~ Jeff Reeves, "Opinion: 5 things Tesla bears keep getting wrong about this stock," MarketWatch, January 12, 2020