On Monday, Tesla Motors Inc (NASDAQ:TSLA) share price gained another 5 percent to $144.68 per share, giving  it a market capitalization of $16.7 billion, which was almost parallel to whole publicly traded United States coal Industry.

Tesla

Previous milestone

Initially, Tesla Motors Inc (NASDAQ:TSLA) market capitalization surpassed auto juggernauts like Peugeot, Fiat and then both companies combined, which stunned the market. Tesla has made around thousand of cars under a year compared to Fiat Industrial SpA (BIT:FI) (BIT:FI) and Peugeot SA (OTCMKTS:PEUGY) (EPA:UG) who have made millions and millions of them for decades.

However, these automobile biggies are crippled with their own problems, one of which is over dependence on European market for a chunk of their profits. These limitations have affected earnings, stock price and market capitalization.

Twitterer @harfangcap, who calls himself, “nobody hedge fund manager, fundamental value expat [who] feasts on Lemmings” has given this number. This calculation seems to be accurate based on combined market capitalization of the country’s top publically traded mining companies, adjusted for their non-coal interests.

If Tesla goes down?

@harfangcap plays short on Tesla Motors Inc (NASDAQ:TSLA) and holds that the EV maker is highly overvalued. Behind the calculation of market capitalization and stock price of the company, there are many metrics but above all what turns out to be most important is to determine how many people are concerned if this company suddenly went away.

 

If Tesla suddenly diminishes, some would regret at the fate of such a capable technology, some will be sad at the losses, and the republicans will be boasting of that they knew what the fate of this company would be, says a report from Autonews by Mark Rechtin.

However, if the whole of the coal industry evaporates all of a sudden then the United States will be in commotion. It is hard to imagine what would happen to homes and businesses east of the Rockies.

Tesla to report 2Q earnings

Tesla Motors Inc (NASDAQ:TSLA) is due to report its second quarter earnings today, which call for nothing but option trading. Bears who made short positions in the stock suffered loss when Tesla surged from $30 to $100 within few weeks after it announced its first ever quarterly profit.

Tesla Motors Inc (NASDAQ:TSLA) delivered 8,931 vehicles this year till June according to a report from Autodata compared to Porsche, which sold out 81,565 of its hot rods and high margin vehicles worldwide during the same period.

Deutsche Bank AG (NYSE:DB) (FRA:DBK) (ETR:DBK) recently raised its target price for the company’s shares to $160 expecting the company to hit 20 percent operating profit margin in the latest quarter.