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posted by martyb on Thursday July 02 2020, @08:45PM   Printer-friendly
from the it's-electric!-boogie-woogie! dept.

Stock surge makes Tesla the world’s most valuable automaker

https://arstechnica.com/cars/2020/07/stock-surge-makes-tesla-the-worlds-most-valuable-automaker/:

One share of Tesla stock traded for more than $1,130 on Wednesday, pushing the company's market capitalization to nearly $210 billion. That sent Tesla's market cap past Toyota, which is worth either $170 billion or $203 billion, depending on how you count it. Tesla is now the world's most valuable car company.

It's a remarkable milestone for a company that sells far fewer cars than its leading rivals. Toyota and its subsidiaries sold 10.7 million vehicles in 2019, while Volkswagen and its subsidiaries sold almost 11 million vehicles. Tesla sold a comparatively tiny 367,500 vehicles last year.

Tesla stock leaps again on unexpectedly strong delivery numbers

https://arstechnica.com/tech-policy/2020/07/tesla-stock-leaps-again-on-unexpectedly-strong-delivery-numbers/:

Tesla has surprised Wall Street again with better-than-expected delivery numbers. The electric carmaker delivered 90,650 vehicles in the second quarter of 2020, up slightly from the 88,400 vehicles delivered in the first quarter. This despite the fact that Tesla's main factory in Fremont, California, was shut down by county officials for the first half of the quarter.

Tesla's stock leapt at the news. After closing at a record high of $1,120 yesterday, Tesla's shares rose above $1,200 in pre-market trading on Thursday morning.


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  • (Score: 1, Interesting) by Anonymous Coward on Friday July 03 2020, @02:43AM

    by Anonymous Coward on Friday July 03 2020, @02:43AM (#1015645)

    1000km? If you're going across the country, 1000 /miles/ in a day is easy. I see fuel cells winning in the end for this reason. Freight haulers want electric motors in their trucks, but low range and long recharge are huge drawbacks. 1/4 of the battery capacity of a Tesla, with a fuel cell as the generator, would be my best guess for what will be common in 10 years.

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