Tesla is making great strides, and not just in 0-60 mph sprint times. The California-based automaker surpassed US$300 (RM1,329) in stock value, pushing its market capitalisation to US$52.08 billion (RM230.71 billion), overtaking General Motors – valued at US$51.23 billion (RM226.95 billion) – as the highest-valued US automaker, according to Inside EVs.
Should Tesla stock continue on its upwards trend, it will have Honda next in its sights, with the Japanese manufacturer valued at US$53.08 billion (RM235.14 billion). The American EV manufacturer’s surge in stock value can be attributed to the latest news regarding the Tesla Model 3, as well as its vehicle deliveries in Q1 2017, which represented a 69% gain over the same period last year.
Production of the Model 3, Tesla’s most affordable model yet, is expected to commence in July on a limited scale, ramping up to 5,000 vehicles per week by the fourth quarter of this year, and after that, a rate of 10,000 vehicles per week in 2018. This is also bolstered by the company’s raising of US$1.2 billion (RM5.3 billion) for the Model 3’s coming launch.
GALLERY: Tesla Model 3
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Tesla is such a young company. Yet it can be worth more than Ford now. Yesterday, it overtook Ford market cap.
You see, they know what people want. Now all car companies moving towards EV, PHEV and Hybrid.
Look at our Proton? Even old tech Hybrid also don’t have, whatmore PHEV and EV?
And yet they think they are Rolls Royce standards and lansi with Geely and PSA.
Now you know why Proton is failing. 8 years ago talk about Hybrid, sampai today also no news.
Paper profits. According to JD Power, theres too insignificant tesla owners for them to take survey. Their sales is just so bad. Better dun put any shares in them, they might suddenly kolos shop and run road with ur deadak, opps, money.
Can you please dont keep bringing proton into the picture? Grow up.
you are right, why talk about a junk company leeching on rakyat’s money?
U ada bayar tax kah?
Noone forces you to buy P1. Grow up pls
Since when P1 leeching rakyat? The other brands are overpriced, tell that to them instead. Before you say about plotektion, go to Thai oso same price.
Stop making us butthurt, ok?
In tomyam, Civic HB is more expensive than Accord here. Mana P1 when u need ’em, huh?
You must be never heard of Tesla’s power steering and motorised rear door issue right? Would you buy a 300K Proton? That’s the reason why Proton is not making an EV.
According to owners, the interior quality is like P1. The thing is, they pay so much much more than a P1…
For goodness sake, Proton can’t even design and make a conventional combustion engine, you want to talk about EV cars? They are good in make badges
EV and combustion is different tech.
Good to see electric finally going mainstream. Tesla succeeded what it set out to do…. Break some big heads buried in fossils and drag them into the 21st century. Congrats and all the beat going forward Tesla.
‘valued’ doesnt mean its ‘worth’ actually in monetary terms…most of the valuation is probably based on potential rather than assets worth that much…which means , if it loses value , its gonna go bust in a very very short period of time
Thats the problem with internet companies. Whatever value is just paper, and projected future earnings which have a 50/50 chance end in disaster. A traditional carmaker still have more proven value than this.
The future in automobiles has arrive.