Tesla’s Market Capitalization in Reach of BMW

The electric vehicle manufacturer Tesla is close in overtaking BMW in its market capitalization. Today’s evaluation put Tesla at 56.49 billion dollars after a rally of almost +10 percent. BMW stood at 54.73 billion Euro (61.22 billion dollars).

A few weeks ago Tesla became the most valuable US car manufacturer after surpassing the big three from Detroit. The rise in the stock price is based on the optimism with investors with the positive news on the coming begin of the Model 3 production. For weeks now pre-series cars roaming the streets around the Tesla HQ in Palo Alto have been delighting investors.

This article was also published in German.