Tesla shares

Tesla overtakes Toyota and becomes the world’s most valuable automaker

Tesla took first place in the world in terms of market capitalization among automakers, bypassing the Japanese corporation Toyota.

Tesla’s shares rose to a record of $ 1,134 in the evening of July 1, and the brand’s market capitalization reached $ 207.2 billion, surpassing Toyota’s $ 201.9 billion capitalization. This was reported by Bloomberg.

Tesla overtakes Toyota

The German concern Volkswagen with the capitalization of $ 78.92 billion remains on the third line.

Let us remember that in January Tesla became the most expensive US automaker, since the beginning of the year its shares have grown by 163%. By the way, over 10 years, the company’s shares have grown in price by almost 67 times. So, on June 29, 2010, they were placed at $ 17 apiece.

According to the results of the 1st quarter of this year, Tesla produced 103,000 electric vehicles, which amounted to only 4% of the total production of Toyota produced over the same period (2.4 million cars).

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.