Shownotes Transcript
On today’s episode we are going to discuss the news that Tesla is now worth over $500 billion! This is considerably more than any other car manufacturer! Is Tesla really worth $500 billion? Why has the company's value increased so much over the last year? How can a company that produces few cars be worth more than many of its competitors combined?
**TRANSCRIPT!!! - **https://thinkinginenglish.blog/2020/12/01/28-is-tesla-really-worth-500-million-english-vocabulary-lesson/)
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Vocabulary list
Gruelling (adj) - extremely tiring and difficult, and demanding great effort and determination
Runners are taking part in a gruelling 100-mile race in the mountains
Value (n) - the amount of money that can be received for something. Also included in this episode are the verb ‘to value’ (meaning to give a judgement about how much money something should be sold for) and the noun ‘valuation’ (which is the act of saying how much something is worth)
The value of the pound fell against other currencies
Profitable (adj) - making or likely to make a profit
Over the years it has developed into a highly profitable business
Quarterly (adj,adv) - done or produced four times a year
The magazine will be produced quarterly
Consecutive (adj) - following one after another without interruption
We’ve had five consecutive days of rain
-fold (suffix) - multiplied by the stated number - if i start with $5, then it increases threefold, i now have $15!
In the last 50 years, there has been a 33-fold increase in the amount of chemicals used in farming
To deem (v) - to consider or judge something in a particular way
The area has now been deemed safe
Consistently (adv) - in a way that does not change
The president has consistently denied the rumours
To fluctuate (v) - to change, especially continuously and between one level or thing and another
Vegetable prices fluctuate according to the season
Irrational (adj) - not using reason or clear thinking
It’s totally irrational, but i’m frightened of mice
Comprehension Questions!
Q. What are the three companies I mentioned listed on the S&P 500 index?
A. apple, Microsoft, and Amazon
Q. How much was a Tesla share in January? How much are they now (at the time i’m writing)?
A. $86 in January. Almost $550 now!
Q. How many cars did Tesla sell in 2019?
A. 367,500
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