Yet its market value, slightly less than its rival’s at the end of 2019, is now more than double, at $37 billion. share your thoughts Are the high stock market values of companies like Tesla signs of an underlying shift in the economy, or a bubble? The market value of online used-car retailer Carvana is now more than double that of CarMax, the nation’s largest dealer. In 2008 the financial crisis froze the credit markets that finance companies’ property, inventory and payroll, spurring the popularity of “asset-light” business models such as ride-sharing. But it now has an asset-light offset: a rapidly growing streaming business consisting of Disney Plus, Hulu and ESPN Plus with 100 million combined subscribers.

Source: Wall Street Journal October 07, 2020 16:15 UTC