Tesla Became the Most Valuable Car Manufacturer!

Tesla Became the Most Valuable Car Manufacturer!

Tesla, the electric vehicle manufacturer founded by Elon Musk, left the Japanese giant Toyota behind and became the most valuable automobile manufacturer. The decrease in the value of gasoline vehicles due to the coronavirus (Covid-19) pandemic has returned to the shares of companies producing electric cars as a 5-fold increase. As a result, Toyota, which is the most valuable automobile manufacturer in the world, was replaced by Tesla. Tesla, which has gained the title of “the most valuable automobile manufacturer in the world” in terms of market value, has exceeded 190 billion dollars.

Tesla Produces 500 Thousand Cars Per Year

According to the report published by Reuters, the rise of Tesla's shares suddenly drew attention to the experts who are interested in the subject. The company, which produced only 500 thousand cars during the year, will continue to rise for the first time in four quarters if it continues to increase at the same rate in the next quarter. In addition, it was one of the rare companies that managed to rise in the US economy and exchanges, which remained stagnant due to the coronavirus (Covid-19) pandemic. Having won the first place in Tesla, the Japanese automotive giant Toyota was the owner of the giant factory in California, USA, the headquarters and production site of Tesla. Elon Musk bought this factory 10 years ago from Toyota, and Toyota made a profit by selling shares after investing a million dollars in Tesla.