Tesla Becomes Highest-Valued US Automaker in History
- 4 years ago
Tesla Becomes Highest-Valued
US Automaker in History.
On Jan. 7, Tesla’s market value surpassed
$85 billion, making it the highest-valued
automaker in the United States.
The record was previously set by Ford in 1999
when it had an $80.8 billion market value. .
Tesla’s stock continued to rise more than four percent
on Jan. 8, increasing its market value to $89 billion.
That’s $2 billion more than the current market
values of Ford and General Motors combined,
who sit at $37 billion and $50 billion, respectively. .
Tesla’s stock rally is believed to be
thanks to their recent announcement
that 367,500 vehicles were delivered in 2019. .
In terms of non-U.S. automakers, Tesla has yet to
overtake Japan’s Toyota or Germany’s Volkswagen. .
Toyota is worth roughly $232 billion and Volkswagen
has an estimated value of about $98 billion.
US Automaker in History.
On Jan. 7, Tesla’s market value surpassed
$85 billion, making it the highest-valued
automaker in the United States.
The record was previously set by Ford in 1999
when it had an $80.8 billion market value. .
Tesla’s stock continued to rise more than four percent
on Jan. 8, increasing its market value to $89 billion.
That’s $2 billion more than the current market
values of Ford and General Motors combined,
who sit at $37 billion and $50 billion, respectively. .
Tesla’s stock rally is believed to be
thanks to their recent announcement
that 367,500 vehicles were delivered in 2019. .
In terms of non-U.S. automakers, Tesla has yet to
overtake Japan’s Toyota or Germany’s Volkswagen. .
Toyota is worth roughly $232 billion and Volkswagen
has an estimated value of about $98 billion.