GOOD WORK GARY VEE
By: Andrew Curtin
Wednesday was a big day for Elon and his clan.
The battery-powered innovators became the world’s most valuable carmaker, overtaking the ‘peoples champ’, Toyota. Yesterday morning, Tesla’s share price hit $1,134, leaving them with a market value of $209.47bn (£165bn), according to the BBC.
After years of losses, the last three quarters have seen Tesla enter the world of profitability.
Toyota still remain leaders in terms of sales. The Japanese automaker sold 10.46 million vehicles in the year to March and recorded a turnover of $281.20bn. I’m not gonna bombard you with figures, but that is a hell of a lot more than Tesla sold. Not to worry, though! Tesla have big plans.
Elon aims to deliver 500,000 vehicles by the end of 2020, over 130,000 more units from 2019.
Investors are happy and Tesla looks like they are carrying out their pledge: “To accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible”.