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MYVIRALBOX > Funny Stories > Tesla Inc. Became the most expensive car manufacturer in the USA / Geektimes
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Tesla Inc. Became the most expensive car manufacturer in the USA / Geektimes

MVB Staff
Last updated: April 25, 2024 3:36 pm
MVB Staff
Published: April 12, 2017
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Company Ilona Mask Tesla Inc. (Formerly Tesla Motors) managed to bypass the capitalization of General Motors Co., becoming the most expensive car manufacturer in the US. At the beginning of the week, Tesla shares gained 3.3%, which raised the company's capitalization to $ 51.17 billion. At the end of the day, on Monday, Tesla beat General Motors by $ 64 million. Now the manufacturer of electric vehicles separates only $ 1 billion from Honda Motor Co., the company that is on the fifth position of the list of the five largest car manufacturers in the world.

The increase in the share price speaks to investors' confidence in Tesla, now they agree with the opinion of the Mask about the gradual replacement of conventional cars with robots. "Tesla is associated in many people with optimism, feeling, freedom, challenge and other emotions, which, we think, can not be repeated by other companies," said Alexander Potter, an analyst at Piper Jaffray Cos.

A week before, this company had bypassed the capitalization of Ford Motors, the company that ranked third in the list of the most expensive automakers in the United States. Now the capitalization of Ford is about $ 45 billion

The enthusiasm of investors is not affected even by the fact that Tesla Inc. At the same time, the expected profit of GM will make about $ 9 billion this year, the expected profit of Ford is $ 6.3 billion. The company Mask continues to be unprofitable.

"The value of the company should determine financial success, and our financial performance is pretty good," said Ford's vice president Joseph Hinrichchich, who is responsible for his company's operations in the Americas.

After the rise in the value of shares, Tesla took the sixth place in the world in terms of capitalization. The first five places belong to Toyota Motor Corp., Daimler AG, Volkswagen AG, BMW AG and Honda. Toyota's capitalization is now about $ 172 billion, so in order to take the first place, Tesla should try very hard.

"The market is more concerned about Tesla's successes in other markets than real profits and revenues," says David Winston, an analyst at Morningstar Inc. – "Right now there is nothing that could slow down Tesla. They can bypass Honda. "

Tesla has long been viewed by investors as a company that is able to dominate the market of electric cars and batteries. At the same time, sales of cars GM and Ford are gradually slowing down, which reduces profitability. In 2009, GM declared itself bankrupt, so the state had to save the company. However, a little later this company managed to return to the market again.

By the way, Tesla delivered only 80,000 electric cars last year, it's nothing compared to 10 million cars sold by GM. Until now, Tesla is considered a luxury car supplier, but the Model 3 sedan can change everything. This electric car is more affordable, its cost is about $ 35,000. The battery lasts about 350 kilometers of travel. Despite the fact that GM wins in the market due to the price of the competitor Tesla Model 3, the Chevrolet Bolt car, the general situation is in favor of the company Mask.

"Even if the launch of Model 3 on sale is sluggish, That buyers and shareholders will not be too strict, "- believes the analytical company Piper Jaffray.

It is likely that the influence of the other child of Ilona Mask – SpaceX Company – on the value of Tesla shares also exerts its influence.

MVB Staff
MVB Staff

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