Tesla named the most expensive car company in the world

Tesla named the most expensive car company in the world

June 11, 2020 0 By autotimesnews

The American electric car manufacturer managed to get around Toyota. At the same time, a year earlier, Tesla shares were valued almost five times cheaper.

Tesla has earned the right to be called the most expensive carmaker in the world. Its market capitalization surpassed the result of Toyota, which helped the company from the United States to become a leader. The value of Tesla shares steadily stepped over the $ 1,000 mark. And this despite the fact that a year ago its shares were much cheaper – the difference is almost five times.

In general, the growth recorded by experts exceeded six percent. The market capitalization of the brand now amounts to 185.3 billion dollars. For comparison, the Japanese Toyota boasts a figure of the order of 178.7 billion. The third result is demonstrated by the German Volkswagen, which is noticeably behind the owners of the first two places in the rating – 85.5 billion dollars.

Experts attribute the rapid growth of Tesla shares with the announcement of the company’s founder, Elon Mask, about the readiness for serial production of the Semi electric truck.

Recall that earlier our portal said that Tesla electric cars are going to be equipped with “infinite” batteries. It’s about a battery with an incredible range of 1.6 million kilometers.