Tesla Storms Past $100 Billion In Value

Tesla Becomes World’s 2nd Largest Auto Company

Tesla has done it again. On January 22, 2020, Tesla’s market value exceeded $100 billion. Not only is this more than GM and Ford together, but it is enough to squeak past Volkswagen Group and become the world’s 2nd largest auto company by value. First place belongs to Toyota, with an estimated $198 billion in market value.

We have gone over many reasons here, here, and here why Tesla stock [TSLA] has gone up in recent weeks. Congrats to Elon and Tesla for shaking things up! Achievement #2 has been unlocked. (Achievement #1 was having Tesla be worth more than GM and Ford combined. Achievement #3 will be exceeding Toyota. I give that a few years at most.)


Comments are closed.