Tesla surpasses Toyota to become the world's most valuable car maker
It is reported that the market capitalization of electric vehicle maker Tesla reached 207.2 billion dollars (about 22,260 billion yen), exceeding the market capitalization of Toyota Motor Corporation.
Tesla Overtakes Toyota as the World's Most Valuable Automaker-Bloomberg
Stock surge makes Tesla the world's most valuable automaker | Ars Technica
https://arstechnica.com/cars/2020/07/stock-surge-makes-tesla-the-worlds-most-valuable-automaker/
Tesla's stock price, which had soared since the beginning of 2020, once settled in late March when the new coronavirus had a large impact, but then began to rise again, and reached 1025 dollars on June 10, 2020 (about Has reached 110,000 yen). As a result, the market capitalization of the company has reached approximately 20 trillion yen, which is comparable to Toyota.
Tesla's stock price surpasses the $ 1000 mark, market capitalization is about 20 trillion yen and it is thin with Toyota Motor Corporation-GIGAZINE
Tesla's stock price continued to rise, ending on July 1 at $1,119 (about 120,000 yen), which is more than 3.5% higher than the previous day's stock price. As a result, Tesla's market capitalization reached 207.2 billion dollars, surpassing Toyota's top-ranked automaker of $2019 billion (approx. 21.7 trillion yen) and becoming No. 1 in the world.
Below is a graph showing the market capitalization of Tesla (black line), Toyota (blue line) and Volkswagen (red line). In January, Tesla surpassed Volkswagen to take second place in the world, but then it continued to grow in a turbulent manner, surpassing Toyota on July 1 to reach the top spot in the world.
About the management skills of Teron's CEO Elon Musk, Bloomberg said, ``Musk is said to be unsuitable for starting online sales of cars within 10 years after Tesla's initial public offering and for high cost and car production With an assembly plant in California, we've seen an unconventional break in the existing rules of the automotive industry.'
However, Tesla produced 103,000 vehicles in the first quarter of 2020, far below Toyota's 2.4 million, saying, ``While Tesla's corporate value has risen sharply, it is backed by large-scale production innovations. We still have a gap with Toyota, the world's largest carmaker who has built a brand at affordable prices and reliability,' Bloomberg points out.
In addition, IT news site Ars Technica said about Tesla's brand power: 'Tesla's position in the automobile industry is similar to Apple, which has a large presence despite the fact that the smartphone share is around 15% . Tesla can offer its customers a unique user experience in a vertically integrated production structure, just as Apple can impose premium prices on users with its own strengths. If we can continue to grow, we can expect a significantly higher profit margin than other companies.'
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