#Tesla has become the most expensive car company in the world
15:50, Saturday, 13 June, 2020
The shares of the electric car manufacturer exceeded $ 1,000 a piece. Electric car maker Tesla is now the most expensive car company in the world. This became a fact after the company’s shares exceeded $ 1,000 a piece for the first time. Yes Tesla’s capitalization is estimated at $ 185 billion. For comparison current leader Toyota costs 179 billion., while Volkswagen is valued at $ 85.5 billion. Ferrari and BMW have a market value of 43 billion dollars, and the most expensive American manufacturer (excluding Tesla) – General Motors – 38.5 billion. Its competitor Ford is estimated at 27.5 billion, while the capitalization of Peugeot is 13 , 5 billion, and Renault – 8 billion. Tesla took the lead among carmakers after its CEO Elon Musk announced that the company was ready for series production of the Semi tractor. This immediately raised shares by 6.2%.