This Wednesday, Tesla's market capitalization for the first time capitalization of Toyota, thereby making the brainchild of Elon Musk the most expensive automaker in the world. Tesla shares rose 5% to a new all-time high of $1135, valuing the company at $206,5 billion, compared to Toyota's of about $202 billion.
Essentially, the market cap highlights the huge investor enthusiasm for Tesla. companies are up 170% this year as investors continue to invest in the US electric car maker.
While Tesla has surpassed Toyota in market value, it lags behind the Japanese company by a wide margin in actual car production. For the first quarter ended March 31, Elon Musk's company produced about 103000 cars - 15390 Model S/X and 87282 Model 3/Y. During the same period, Toyota produced 2,4 million vehicles.
βWe continue to be cautious about Tesla, but everything related to EV is now red-hot for investors, and there are few ways to put money in this area, so we see that the shares continue to work in the short term, despite our caution. in relation to competitive positioning over time and valuation,β the analysts say.
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Source: 3dnews.ru