Tesla Is Now The World’s Most Valuable Car Company With A Valuation Of $208 Billion

Tesla’s stock jumped to a new record high on Wednesday, giving the electric vehicle maker a valuation of more than $208 billion, which means that it is now the most valuable car company on the planet.Tesla’s stock has surged 17% this week alone, on Monday closing above $1,000 per share for the first time ever and on Wednesday hitting a new record high price of $1,135 per share.

With its latest stock rally, that means Tesla is now the most valuable car company in the world, valued at around $208 billion. With that market cap, Tesla has now officially surpassed Toyota—its main rival for that title, which is valued at roughly $203 billion; Toyota’s stock fell more than 1% in overseas trading.

Tesla is also now worth more than many of its rivals combined, such as Fiat Chrysler , Ford , Ferrari , General Motors , BMW , Honda and Volkswagen .for Tesla: The company’s shares have more than doubled so far in 2020, surging over 150% amid continued interest from retail and institutional investors.While Tesla now has a higher market cap than Toyota, it still lags the Japanese automaker in.

. Cowen’s Jeffrey Osborne said in a note to clients on Tuesday that the firm “continues to be cautious on Tesla,” with an underperform rating on the stock. Morgan Stanley analysts similarly have an underperform rating, warning that too many investors are ignoring the risks of running a car company and instead treating Tesla like a high-growth tech company.

We don't have Tesla in Morocco otherwise I would get one ( but I have tried test drive in London )

Ban stock buy backs, use stock exchange act. Greed is failing to increase wages, looking for cheaper labour and investing more than half of profits in stock buy backs.

Stock buy backs, greed will be the end of the USA, do not blame China for your problems. Rich guys do more stock buy backs than reinvesting or wage increases. No wonder the middle class in America is the worst for a developed nation. Add Trump's stupid tax cuts,

This is Absolutely perceived value. I am yet to see any real value from Tesla

IT is NOT a CAR company

While, at the same time, finishing LAST in quality. Hmmmm

Tesla shorts right now

Tesla will show that Dot Com burst happens again & again. EVs are only good for city commuting. Toyota Rav 4 Prime is the way to electrification of cars.

Elon made such a strong online community, his wins feel like my wins 🏆

I'll be disappointed if Musk doesn't become the first trillionaire.

The pissing contest continues, meanwhile people starve.

Fake. Musk cooks books!

So overvalued/overpriced.

Old news

Time to short Tesla

eat the rich

Are you sure, Tesla doesn't operate in Africa 😶

Range who?

Catch new hit song Paka by Wakorofi gang

ben bir kılım bu adama

Real value or perceived value?

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