Tesla reach 100,000 million dollars in a Bag and exceeded to Volkswagen

Elon Musk has achieved. Tesla, the company that he founded in 2003 to manufacture only electric vehicles, has exceeded a Stock market value of 100,000 million d

Tesla reach 100,000 million dollars in a Bag and exceeded to Volkswagen

Elon Musk has achieved. Tesla, the company that he founded in 2003 to manufacture only electric vehicles, has exceeded a Stock market value of 100,000 million dollars (102.660 million, exactly; 92.615 million euros) and has been ranked as the second group automobile more valuable in the world after passing the German giant Volkswagen, whose stock gives it a market price of 99.798 billion dollars. The japanese group Toyota leads the classification, with a value 233,000 million.

The reduced sales volume of Tesla over its competitors approximates its market capitalisation more to a technology than to traditional automotive industry. With just two plants in operation (one in the united States and another in China) and one in construction phase in Germany in the past year, just marketed 367.500 vehicles, which was supposed to meet with your expectations of the exercise by the strip of low expectations.

Its booming contribution has even overcome the fiasco of the presentation of its future pickup truck ranchero, when Musk broke the glass of the window when he had secured just moments before that was unbreakable. That failure to the image of the mark generated a shock to the quotation of the company which lasted a few weeks, but that stain has faded with time: the shares have risen since then by 70% and have taken to the 569 euros to which traded today. The company seems to have chased away the problems that you had in production and has been presented in 2020 with the intention of expanding their small catalog with two new models. But the take-off in Stock market is also explained by the better results obtained in the third quarter of its financial year, that much less means to earn money: he lost 907 million dollars, but only between July and September and won 150 million.

But even so, its figures are far away with the ones that can offer the companies with which we compete for volume. Volkswagen group, with a wide range of brands in the consortium, launched last year, 10.8 million vehicles and even one of its smaller brands, the Spanish Seat, sold more cars than Tesla. Toyota, for its part, between January and November last year stood at a figure close to those numbers, with 9.8 million vehicles.

The revaluation of Tesla will have an impact on the pocket of Musk that, in 2018, managed to close the greatest compensation plan ever seen in a company. According to The Wall Street Journal, the exceedance of this threshold would lead to the unlocking of a payment of more than 50,000 billion for Musk, who has waived his salary and bonus in exchange for the new model of remuneration approved by its shareholders in 2018. Although to met those expectations, the valuation is so high the company would have to be maintained for months.

The sorpasso for Tesla comes when the actions of Volkswagen maintain an image of teeth of a saw that is accumulated from two years ago. Their major offensive to launch electric cars has not had a prize in a Bag and have disappeared, those messages that two years ago claimed that Tesla had lost the advantage that he kept in the war, the car batteries, especially for the new stage that were shining light into some brands, the higher-end, the German group.

Date Of Update: 23 January 2020, 15:00
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