After Facebook (17 years), Tesla became the second fastest company to hit the $1 trillion valuation mark.
Tesla is now worth as much as 19 other automakers, including Toyota, GM, Honda, and Nissan, combined.
What is interesting is that Tesla’s value is 15x higher than Ford’s, even though Ford brought in $115+ billion more in revenue last year.
It probably highlights a lot of things – one could say that the valuation is exaggerated, but it also “shows that investors believe the future of the auto industry lies in electric vehicles”.
And Tesla has a huge part to play in that future.
What do you think of the EV market?
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Sources :
https://www.morningbrew.com/daily/issues/latest
https://www.businessinsider.in/business/news/tesla-hits-1-trillion-in-valuation-elon-musks-wealth-surges-by-36-billion-in-a-day/slidelist/87270060.cms