Tesla Market Capitalization Surpassed Daimler

Tesla Market Capitalization Surpassed Daimler

December 8, 2018 0 By autotimesnews

The market value of Tesla is now higher than that of Daimler, this became known thanks to the universal service of Google Finance. According to experts, the main advantage of the company, among others, is its prospects for further growth.

Step by step, Tesla is becoming an increasingly large company that is actively increasing the production and sale of its own cars, as well as other products. This is reflected in market capitalization (share price multiplied by the number of shares issued).

More recently, Tesla’s value exceeded Daimler’s value, despite the fact that the German concern has a much larger number of sales, is much older, and also receives more profits. But size and profit are not the main factor affecting stock value.

Market capitalization:

• Tesla – 63.18 billion dollars.
• Daimler – 61.27 billion dollars.

The most important factor that influences the value of shares is faith in the future. Tesla, as a technology company and the largest manufacturer of all-electric cars, is expected to become even bigger and more successful in the future, which will increase the market value.

That is why, from the point of view of the market, Tesla may be more valuable than Daimler, Ford or BMW.