#AceFinanceDesk ………. Tesla Becomes Most Valuable Automaker in Latest Stock Rally: It is now worth more than triple the combined value of U.S. automakers General Motors Co and Ford Motor Co

Tesla on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker’s market capitalisation overtook that of former front runner Toyota Motors: Tesla shares gained 5% in early morning trade to a record of $1,133, boosting the company’s market cap to $209.47 billion – roughly $6 billion more than Toyota is currently valued by investors. Tesla is now worth more than triple the combined value of U.S. automakers General Motors Co and Ford Motor Co:

The shares’ meteoric rise, up more than 163% since the start of 2020, highlight growing confidence among investors about the future of electric vehicles and Tesla’s shift from a niche carmaker into a global leader in cleaner cars: After several years of losses, Tesla has delivered three straight profitable quarters since the third quarter of 2019 and surprised investors with solid first-quarter deliveries despite the virus outbreak.

#AceNewsDesk reports, [Jul 1, 2020 at 19:58] https://t.me/acenewsgroup/1020450

Editor says #AceNewsDesk reports are provided at https://t.me/acenewsdaily and all our posts, links can be found at here Live Feeds https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com