Tesla has become second most valuable company in the world, surpassing Germany’s Volkswagen. Market capitalization Elon Musk’s company broke $100 billion, the first in the United States for automation company. With stock prices rising, Tesla outpaced many of it’s established competitors, making it Japan’s second largest Toyota in terms of the world’s most valuable cars.
Toyota’s market capitalization is $233 billion. Although stock values have risen, there are many in the auto industry who are serious about Tesla. Consistency in increasing and maintaining its profits.
It is estimated that Tesla will have gross revenue of $31 billion over the next 12 months. It is a figure that would not put Tesla amongst the top 20 automakers when it comes to demand. Compared to Tesla, it is expected that Toyota will make $276 billion, Volkswagen $283 billion and Daimler will gross $191 billion.
Recently, President Trump praised Tesla Musk’s co-founder and CEO of Tesla Musk. He said musk is amongst the “great prestige” of the world.
Back in 2018, Musk was forced to retire from Tesla’s chairmanship and allegedly fined $2 million, Misleading investors through his tweets.
In an earlier article, we informed our readers that Elon Musk wanted his electric cars to interact with pedestrians in the future. Most of these talks will be focused on either asking them to come along or requesting them to give way.