Most expensive car brand in the world: Tesla shares continue to rise

Tesla has continued its ascent in the stock market to the start of the week. The share price of the electric car manufacturer has increased the trade over the c

Most expensive car brand in the world: Tesla shares continue to rise

Tesla has continued its ascent in the stock market to the start of the week. The share price of the electric car manufacturer has increased the trade over the course of up to 11 percent to more than 1710 dollars. Already last Friday, the stock had gained more than 10 percent of their value. Tesla is now valued on the stock exchange, with more than 315 billion dollars and is measured in terms of market capitalisation now, it is by far the most expensive car manufacturers in the world.

Roland Lindner

economic correspondent in New York.

F. A. Z. Twitter

less than two weeks ago, the company had taken over this title from the Japanese manufacturer, Toyota, with a market value of slightly more than $ 200 billion now has a huge backlog. Tesla is now on the stock exchange almost twice as much value as the German manufacturers Volkswagen, BMW and Daimler added together. Their combined market capitalisation is just under 150 billion euros.

Tesla also has suspended its domestic competitors General Motors and Ford far, together valued at around 60 billion dollars. Since the beginning of the year has more than quadrupled the value of Tesla's stock more than. The company has ever reported a profit for the year, as last, there were but three profitable quarters in a row.

Tesla shares, TESLA INC. DL -,001 -- -- (--) NASDAQ trade gate, London, Xetra, Frankfurt, Stuttgart, Switzerland, Vienna, Switzerland OTCLang & black Switzerland 1T 1W 3M 1J 3J 5J For detail view
Updated Date: 13 July 2020, 12:19

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