In celebration of the Q3 surge to $TSLA, I've updated my chart of market capitalization of all the major auto manufacturers. Tesla ($58.3B) is back up to fourth most valuable auto manufacturer in the world. They just re-passed GM, Honda and BMW.
Over the last 3 years, Tesla's market cap has grown 17.3% / year - best in industry by far. Toyota, VW, and GM have also grown, but the rest are sinking. Surely the companies' individual values are partly a reflection of their respective electrification strategies, no?
Over the last 3 years, Tesla's market cap has grown 17.3% / year - best in industry by far. Toyota, VW, and GM have also grown, but the rest are sinking. Surely the companies' individual values are partly a reflection of their respective electrification strategies, no?
