Tesla Now The World’s Most Valuable Car Company

Only a few days after the successful manned SpaceX mission sent Tesla on a course rally and was worth more than all three German car manufacturers combined, the next milestone has now been reached. With a market capitalization of 185 billion dollars, Tesla is worth more than Toyota with 178 billion.

The Tesla share also broke through the sound barrier of 1,000 dollars per share. By way of comparison: Exactly one year ago, the share price was still at 217 dollars, at the beginning of 2020 it was at 430 dollars.

Five-day share price until June 10th, 2020

The market capitalization seems crazy in that Toyota produces and sells more than 10 million cars per year, while Tesla last year only reached 376,500 units.

It is also important to remember that Daimler acquired a stake of almost 10 percent for 50 million dollar in Tesla in 2009, thereby injecting vital capital into Tesla, which the German manufacturer then sold for 780 million dollars in 2014 after intensive discussions. This share would be worth around 18 billion dollars today, which is 40 percent of Daimler’s current market value.

This article was also published in German.

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