News

Tesla Takes Title of World’s Most Valuable Automaker

Tesla officially become the world’s most valuable automaker Wednesday, an incredible accomplishment for a company that has spent 17 years leading the transition to electric vehicles.

Tesla’s stock hit $1,000 per share Wednesday morning for the first time after reports that the Tesla Semi is nearing “volume production.” The stock bump pushed Tesla past Toyota Motor Corporation to claim the most-valuable.

Tesla market capitalization crossed $185 billion. Toyota’s $178 billion market cap ranks second, with Volkswagen at third with an $85.53 billion market cap.

It’s worth noting that investors see promise in Tesla beyond cars. The company continues to innovate in solar, energy storage, and other emerging business lines. International expansion is also progressing nicely, with a new factory in Shanghai, another being constructed near Berlin, and rumors of a third to be built in the U.K.

Tesla’s stock was trading at $1,025 at price time.

Ostrichsak

Active Member
Sep 6, 2018
3,707
4,292
Colorado, USA
Paper "wealth". Do they have the world's leading customer service?
In Bizzaro World, yes. They are heads and shoulders above all others in that mythical land. The cars are complete rubbish though even though they are bug-free. Interestingly enough, there still is no ETA on FSD, the new Roadster or a Model S update even in Bizzaro World. lol
 

FringeGlock

Member
Feb 22, 2020
16
11
Blountville, TN
I am sorry to disappoint you. I don't think the car is complete rubbish. Perhaps you and I have different expectations from the car. I bought the car to drive, not be driven or be entertained by mythical software. And it really drives great. Yes, it outperforms the BMW that has 438 foot pounds of torque.
 

Ostrichsak

Active Member
Sep 6, 2018
3,707
4,292
Colorado, USA
I am sorry to disappoint you. I don't think the car is complete rubbish. Perhaps you and I have different expectations from the car. I bought the car to drive, not be driven or be entertained by mythical software. And it really drives great. Yes, it outperforms the BMW that has 438 foot pounds of torque.
Did you read my post? Do you know what the term "Bizzaro World" means? Your reply would indicate that you do not.
 

Products we're discussing on TMC...