{"id":26888,"date":"2020-07-02T14:12:11","date_gmt":"2020-07-02T14:12:11","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=26888"},"modified":"2020-07-02T19:14:27","modified_gmt":"2020-07-02T19:14:27","slug":"tesla-king-of-automakers","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/business\/industry\/tesla-king-of-automakers\/","title":{"rendered":"Tesla: king of automakers"},"content":{"rendered":"

Tesla’s\u00a0new\u00a0market value of US$183 billion means\u00a0Elon Musk\u2019s brand has overtaken Toyota as the most valuable automaker in the world.<\/p>\n

<\/p>\n

After closing at a market capitalization of $184 billion in mid-June, $4.3 billion above Toyota, Tesla, the company founded by Elon Musk, has become the world\u2019s most valuable carmaker.<\/p>\n

Tesla, the Palo Alto, California-based maker of electric cars produced 103,000 vehicles in the first quarter of 2020, or about 4% of the almost 2.4-million made by Toyota. The announcement comes after CEO Musk told employees it was \u201ctime to go all out\u201d and put its Semi truck into volume production.<\/p>\n

According to Statista, over the past 12 months, Tesla\u2019s share price soared by nearly 350 percent, reaching a valuation of more than seven times its 2019 revenue. To put that in perspective, Toyota is currently valued at around 0.6 times its annual revenue, which is why many people consider\u00a0Tesla<\/a>\u00a0hopelessly overpriced. Looking at delivery\/sales figures seemingly supports such claims. While the market leader in electric cars delivered less than 400,000 cars in the 12 months ended March 31, Toyota sold nearly 10.5 million vehicles<\/a>\u00a0during the same period, about ten times as many as Tesla has built in its lifetime.<\/p>\n

Forbes recently explained the swift success of Tesla in an article titled\u00a0\u201cHow Did Tesla Become The Most Valuable Car Company In The World?\u201d, which starts to explain how Tesla\u2019s stock price has continued to brake records. You can catch some of its highlights via Clean Technica.<\/a><\/p>\n

Tesla, while successful, is nowhere near as large or as stable as Toyota, or Ford, or any of those other companies. Investors do not care. It’s\u00a0the future<\/em>\u00a0that matters to them, and for them, Tesla looks just like that.<\/p>\n

Wins amid COVID cases<\/h1>\n

This, The Verge adds<\/a>, comes as at least six Tesla employees have tested positive for COVID-19 in California since CEO Elon Musk reopened the company\u2019s facilities there last month \u2014 initially in violation of stay-home orders, and then with the blessing of local officials \u2014 according to new reports\u00a0from\u00a0The Washington Post<\/em>\u00a0<\/a>and\u00a0Electrek<\/em><\/a>.<\/p>\n

It\u2019s still unclear how many have tested positive for COVID-19 since the outbreak began. The company has not shared that information, and \u2014 like other automakers \u2014 is\u00a0not actively testing its employees in the US as part of the return-to-work guidelines<\/a>\u00a0it published last month. Instead, Tesla is putting the onus on its workers to get tested if they feel symptomatic or believe they\u2019ve come in contact with someone who has COVID-19.<\/p>\n

\"\"es\u00f1a<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla’s\u00a0new\u00a0market value of US$183 billion means\u00a0Elon Musk\u2019s brand has overtaken […]<\/p>\n","protected":false},"author":24,"featured_media":26894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,53],"tags":[179,99,1385,178,177],"class_list":["post-26888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","category-opinion","tag-automakers","tag-ceo","tag-ceo-northam","tag-elon-musk","tag-tesla"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=26888"}],"version-history":[{"count":1,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26888\/revisions"}],"predecessor-version":[{"id":26895,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26888\/revisions\/26895"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/26894"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=26888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=26888"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=26888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}