Business > Markets

Tesla becomes world's most valuable carmaker without making a profit

1 month ago   |   By The Guardian

Elon Musk's company outstrips Toyota on stock market as demand for electric cars soars Tesla has overhauled Japanese rival Toyota to become the world's most valuable automotive company. Despite never having made a profit, the billionaire Elon Musk's electric car manufacturer has been tipped by some pundits to achieve a valuation of more than $1tn as demand for electric vehicles soars.
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Stock surge makes Tesla the world's most valuable automaker

Stock surge makes Tesla the world's most valuable automaker

1 month ago   |   By Ars Technica

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One share of Tesla stock traded for more than $1,130 on Wednesday, pushing the company's market capitalization to nearly $210 billion. That sent Tesla's market cap past Toyota, which is worth either $170 billion or $203 billion, depending on how you count it. Tesla is now the world's most valuable car company.
It's a remarkable milestone for a company that sells far fewer cars than its leading rivals. Toyota and its subsidiaries sold 10.7 million vehicles in 2019, while Volkswagen and its subsidiaries sold almost 11 million vehicles. Tesla sold a comparatively tiny 367,500...
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Tesla overtakes Toyota to become most valuable automaker in the world

1 month ago   |   By Business Insider

Tesla has surpassed Toyota to become the most valuable auto manufacturer in the world on Wednesday.
Tesla jumped as much as 4% to a market capitalization of $206 billion, while Toyota fell as much as 1% to a market capitalization of $203 billion.
The Tesla takeover of the car industry highlights investors' shift to rewarding technology-focused auto manufacturers that develop electric-powered vehicles and focus on software development.
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Tesla has soared past Toyota in market capitalization to become the most valuable auto manufacturer in the...
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