FILE PHOTO: Tesla Inc. Gigafactory 2, which is also known as RiverBend, is pictured during the spread of coronavirus disease , in Buffalo, New York, U.S., March 26, 2020. REUTERS/Lindsay DeDario
Tesla’s shares have risen more than 420% since the beginning of this year, turning some retail investors into millionaires. Tesla became the world’s most valuable carmaker by market capitalization when it overtook former front runner Toyota Motors Corp on July 1. The company now accounts for 41% of the total market cap of a group of 12 of the world’s largest automakers.
Japan’s Toyota and Germany’s Volkswagen AG sold 10.46 million and 11 million vehicles, respectively, during the 2019 financial year. That compares to the 367,200 vehicles Tesla delivered in 2019.
Allow me to clarify something.....there is no Tesla “rival”
Wonder if Treasury purchases have anything to do with this?
Shows how overrated that stock is. Anybody buying it now, will be a pauper next. Really not making any profits at all. And all the major players, WW, Mercedes, Porsche, Toyota all coming out with state of the art electrical vehicles next. It will all fall to the ground next!
because realDonaldTrump
420 market cap 😎👍