Is Tesla Worth More Than Gm

Posted by juol October 29, 2020

Is Tesla Worth More Than Gm

Tesla is worth more than ford and gm combined. A rally in shares of tesla to record highs on wednesday handed the electric car maker for the first time ever a bigger stock market value than general motors and ford combined.

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After a traditional car.

Is tesla worth more than gm. Tesla has been on a roller coaster ride of market sentiment in recent years but the electric car company is starting off the new decade on a high note. As a result ford s f market value is about 45 billion while tesla s tsla has climbed to almost 48 billion. With 131 billion in revenues general motors co.

Tesla is also now worth more than many of its rivals combined such as fiat chrysler 20 billion ford 24 billion ferrari 32 billion general motors 36 billion bmw 41 billion. With 115 billion and fiat chrysler automobiles n v. Tesla is now more valuable than ford gm combined 12 months ago in design words by jonathan sawyer getty images str afp tesla s stock recently surged to 516 per share making the company.

Toyota which used to be the. As of today gm is worth about 41 billion ford is worth 27 billion and fca about 20 billion. Then you ve got pretty much what tesla is now worth.

For a while the market valued tesla more than all three but as the stock continues to climb the. Tesla also inched closer to gm gm whose stock fell 4 after it reported both a. The company is not only america s most valuable automaker it s now worth more than ford and gm combined.

With 108 billion in revenue all hauled in more than three times tesla. Tesla s market cap has increased by more than 500 billion in 2020 and is now worth as much as the combined market cap of the nine largest car companies globally. Tesla is now worth a general motors plus a honda plus a ford plus a fiat chrysler and a daimler.

The ability to gather enormous amounts of data and analyze it efficiently is also at least part of the reason investors think tesla is more valuable than general motors.

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