The Tesla logo: The company’s shares are soaring.
The price of the electric car manufacturer is also increasing at the beginning of the week. The value of the title has more than quadrupled since the beginning of the year – even if the company has never posted an annual profit.
Tesla continued to soar on the stock exchange at the beginning of the week. The share price of the electric car manufacturer temporarily rose in the course of trading by 11 percent to more than $ 1710. The share had already gained more than 10 percent in value last Friday. Tesla is now valued at over $ 315 billion on the stock exchange, making it by far the most expensive automaker in the world by market capitalization.
Just two weeks ago, the company had taken over this title from the Japanese manufacturer Toyota, which is now a huge deficit with a market value of just over $ 200 billion. Tesla is now worth almost twice as much on the stock exchange as the German manufacturers Volkswagen, BMW and Daimler combined. Their combined market capitalization is just under 150 billion euros.
Tesla has also outperformed its domestic competitors General Motors and Ford, which are valued at around $ 60 billion. The value of the Tesla share has more than quadrupled since the beginning of the year. The company has never posted an annual profit, but most recently there have been three profitable quarters in a row.