Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined
Tesla yesterday released its financial report for the third quarter of this year, which recorded revenues of $ 13.76 billion and net income of $ 1.62 billion. Against the backdrop of stagnation in the industry due to a lack of components, Tesla’s report looks very convincing, which immediately affected the value of shares – they went up.
Yes, the day Tesla shares added $ 10 in price and went beyond the psychological mark of $ 900. They have never been so expensive. As a result, Tesla’s market capitalization surpassed the $ 908 billion mark.
There is no other company in the automotive industry that has a comparable market value. By comparison, Toyota is in second place, with a market value of just under $ 240 billion. If we sum up the market capitalizations of the world’s most famous automakers, it turns out that Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan – with all their brands.