Tesla tops Toyota by one measure as its stock price soars

Tesla tops Toyota by one measure as its stock price soars

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Tesla shares gained 5% in early morning trade to a record of $1,133, boosting the company’s market cap to $209.47 billion – roughly $6 billion more than Toyota is currently valued by investors. Tesla is now worth more than triple the combined value of U.S. automakers General Motors Co and Ford Motor Co. After several years of losses, Tesla has delivered three straight profitable quarters since the third quarter of 2019 and surprised investors with solid first-quarter deliveries despite the vir

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Tesla tops Toyota by one measure as its stock price soars originally appeared on Autoblog on Wed, 1 Jul 2020 16:46:00 EDT. Please see our terms for use of feeds.

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