Tesla Market Value Surpasses Ford

Posted: Apr 4 2017, 12:35pm CDT | by , Updated: Apr 4 2017, 12:38pm CDT, in News | Cars & Vehicles

Tesla Market Value Surpasses Ford
Credit: Getty Images

Tesla gets Even Bigger than Ford as the company’s market value has surpassed by Ford

Tesla is seeing booming sales and investment at this time. This is the reason that the famous EV maker has gotten into the line of most valued companies. Ford which is valued at about $45.1 billion is now second to Tesla’s worth.

Tesla is now valued at $47.8 billion which is a great achievement for any company which is relatively new in the market. Tesla managed to gain the value of this high potential by learning to work in the right way.

They delivered 80,000 cars the last year. On the other hand Ford which is the second largest automaker in US sold around 6.7 million vehicles. The difference between these two is that Tesla sells luxurious EVs which are not affordable for each and every one.

Tesla’s stock is still over five percent as the company is making cars in the year 2017 in a much fast pace. The company has delivered 25,000 vehicles in the first quarter of 2017, according to Bloomberg.

Among these vehicles almost half are the famous Model X by Tesla. Investors are seeing the fact that by the looks of it, Tesla will have a better growth potential in the future too.

Tesla’s owner and CEO Elon Musk who is also known for his fun tweets, took the matter to the social media as well. He made fun of the people who thought that the company will not be able to attain such heights in the start.

He mocked by posting “Stormy Weather in Shortville...” on his twitter.

Tesla is increasing its production steadily. It is being predicted that Tesla will be able to sell almost 500,000 vehicles a year by 2018. The company is working on building more production sights however we don’t know if this kind of great number will be achievable by year 2018.

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M. Affan covers the hottest news that captivate the web today.




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