Tesl's shares are up 5 percent this week and have a market capitalization of $ 88.2 billion. That's 2.2 billion more than the combined value of Ford ($ 36.6 billion) and General Motors ($ 49.4 billion). According to Reuters, Tesla has become the most expensive US carmaker in history.
- At the moment, the price of one Tesl share has reached a record high of $ 492.35. The company's share price has doubled in the past three months thanks to third-quarter 2019 revenue, surpassed fourth-quarter electric vehicle shipments and the official launch of China's first TeslGigafactory 3 plant earlier this year.
- The rapid growth is due to the fact that investors evaluate Tesla not as an automobile, but as a technology company. Therefore, Tesl has significantly overtaken the capitalization indicators of traditional automakers, despite the fact that in 2019 it sold about 367 thousand electric vehicles worldwide, and Ford and General Motors - more than four million cars, and only in the United States.
According to analysts surveyed by Reuters, the value of Tesl shares will continue to rise thanks to the large credit of trust held by the president of the company, Elon Musk. For comparison: over the past 12 months, the price of one share of Ford has risen by 10 percent (to $ 9.24), while that of General Motors has hardly changed ($ 34.95).