In July 2020, Tesla became the world's most valuable car manufacturer company by market share.
Two days ago, a report was released by CNBC News stating that Tesla has officially become the world's largest automaker by market share value.
The electric automotive manufacturer, founded by Elon Musk, started back in 2003, on the 1st of July in San Carlos, California, United States. At the time, an electric car company that sold electric vehicles to the masses was practically unheard of, but fast forward 17 years to the day, and the electric car manufacturer, Tesla, has officially surpassed Toyota in market value.
Tesla market shares have gained a massive 5%, which has reached an all-time high of $1,135 per share, valuing the electric vehicle company at around $206,5 Billion. Just to put this into perspective, if you compare this valuation with Toyota at its valuation of $202 Billion, Tesla is officially evaluated higher than one of the biggest car manufacturers in the world.
Take a look at the video below by YouTube channel, Lew Later, as he discusses how Tesla becomes the worlds most valuable car company in 2020.
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