28. Is Tesla really worth $500 million? (English Vocabulary Lesson)

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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