December 2, 2021

Automotive: why Tesla crushes traditional manufacturers on the stock market



Posted on Oct 26, 2021 4:48 PMUpdated Oct 26, 2021, 5:51 PM

They may belly dance to investors, but nothing helps. On the stock market, traditional manufacturers remain far, far behind Tesla. With its new stratospheric valuation, which has just exceeded one billion dollars, the firm of Elon Musk is now worth 100 times more than Renault, and more than all the traditional manufacturers combined: Toyota, Volkswagen, Daimler, General Motors, Ford, Stellantis , BMW, Honda, Hyundai, Nissan …

Even Toyota cannot line up. Number one in the world by the number of vehicles sold (10 million per year, at full speed), the Japanese manufacturer is now worth “only” 280 billion dollars on the markets. The Japanese giant does not have to be ashamed of the results side either: 2.2 billion euros in net profits over its last fiscal year despite the health crisis, and almost 18 billion in the current fiscal year.

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