11:20 am, November 9, 2021
Mike Brewer typically focusses on the world of classic cars but on this week’s Car Dealer Podcast he shared his views on Tesla and what he makes of its latest valuation.
The Wheeler Dealers host joined James Baggott and Rebecca Chaplin for the round up of the week and commented on how a medium sized company like Tesla could be worth more Toyota.
He said: ‘Tesla is a small to medium sized company but their stock value is worth more than Toyota. It’s ridiculous.
‘That’s just because of these fantastical stories. Cybertruck, what happened to that? The Semi – whatever happened to that? Have you ever seen one?
‘The share prices went through the roof again when he announced it but they don’t come back down.’
The news came out during the week that the Hertz deal wasn’t a signed agreement when Musk tweeted about this, and its value dropped again below £1tn.
‘This story has raised the share price and guess what, it’s not coming back down again. It sort of stays up where it is,’ said Brewer.
You can listen to the show in full on Spotify, Apple Podcasts and more, or by clicking on the player above.
This weekend, Brewer will be selling five of his personal car collection at the Classic Car Show and talked to the Car Dealer team about what he predicts they’ll sell for at the auction.
He explained he was selling them because he doesn’t get to use them anymore and that he needed to practice what he preaches.
‘I just don’t get to use them, I have too many cars. I shout and preach to people that if you’ve got a classic car, use it,’ he said. ‘They don’t like to be sat around doing nothing.’
Each week on the Car Dealer Podcast an industry guest judges who has picked the best news stories of the week. To find out more about the stories that featured this time you can click below.
- Strong demand in used car sector drives 19th consecutive month of price growth
- Wheeler Dealer Mike Brewer selling five of his own classics as he looks to ‘consolidate’ collection
- Burglar found hiding in car dealership toilet after causing thousands of pounds of damage breaking in
- Tesla’s share price takes a hit amidst confusion over landmark Hertz deal
- Scottish car salesman turned pro wrestler to go head-to-head with former WWE superstar
- Tesla boss Elon Musk insists that landmark Hertz deal is yet to be completed
- #B4B21: Bangers4Ben cars make £15,350 at auction taking total to more than £35,000 raised so far
If you’d like to appear as a judge on the Car Dealer Podcast then drop us a message using the contact form on the About Us page.
