Tesla is currently worth more than three times the total value of the US automakers General Motors Co and Ford Motor Co.
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The electric vehicle company led by Elon Musk has surpassed this Wednesday Toyota to become the world’s most valued automaker.
The actions of Tesla They rose 5% plus an hour after Wall Street opened, increasing the company’s market cap from $ 203 billion to around $ 210 billion.
So far, Tesla shares have soared this year from around USD 430 per share to over USD 1,100.
The Californian company has grown more than 4,000% since it went public ten years ago and, to the astonishment of some observers, its stocks have continued to rise during the pandemic.
Toyota, one of the world’s most profitable automakers, sold 10.46 million vehicles in fiscal 2019, which ended on March 31, 2020. In that fiscal year, the company achieved a net profit of 30.226 trillion yen, or approximately $ 281.2 billion in the period.