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Home > Tech News > Tesla is worth more than $100 billion:More than GM and Ford combined
Tesla is worth more than $100 billion:More than GM and Ford combined

Tesla is worth more than $100 billion:More than GM and Ford combined

By  Huntington Lezama 2020-02-03 621 19

Jia Yueting posted on Weibo on January 23 that he congratulated Tesla on becoming the first US listed automaker with a market capitalization of more than $100 billion, which is more than the combined market capitalization of Ford and General Motors.

In fact, the development of Tesla has always been favored by the public, from the strong demand of the electric car market can anticipate such a result, coupled with Tesla's achievements in the electric vehicle industry, it is possible to change the automobile industry formed in the past century. From the beginning to determine the direction of the production of electric cars, Tesla in continuous progress, gradually proved his leading position in the industry.

 
Tesla

Earlier, Tesla's share price was still $254. on January 7th, Tesla's share price broke the $470 threshold for the first time, breaking the record of $470 a share for the first time. In just a few weeks, Tesla's share price jumped nearly 85%, but the previous market value has been hovering around $84.3 billion. What made Tesla's market value increase by more than $15 billion in just a few weeks? I think consumers and investors are optimistic about the company, as well as Tesla's development in the next-generation Internet smart car industry.


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