Tesla market value tops US$700b for first time | Malay Mail

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NEW YORK, Jan 7 — Electric carmaker Tesla closed trading yesterday with a market value topping US$700 billion (RM2.8 trillion) for the first time. The latest surge means the company is worth more than General Motors, Ford, Toyota, Honda, Fiat Chrysler and Volkswagen combined. Tesla’s share...

Tesla’s share price ended with a gain of 2.8 per cent to US$755.98 for a total value of whopping US$717 billion. — Reuters pic

Tesla’s share price ended with a gain of 2.8 per cent to US$755.98 for a total value of whopping US$717 billion. That came after the stock saw a more than 700 per cent ascendance in 2020 — a gain some analysts viewed as inflated. While industry analysts do not expect another massive surge in value this year, they remain optimistic about the company’s sales prospects, even if the cars remain out of reach for many buyers.

 

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