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Lew Later

Tesla Becomes World's Most Valuable Car Company

Lew Later

Quickscope Media

Technology, News, Tech News

4.81.9K Ratings

🗓️ 1 July 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

Tesla surpasses Toyota is now valued at 209 Billion.

Transcript

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0:00.0

Big news for Tesla. They have officially topped Toyota to become the largest

0:06.8

automaker by market value. That's a big deal for any vehicle maker, let alone an electric vehicle maker.

0:18.0

Now, the key here with this news story is we're talking about market value. So we're talking

0:24.2

about share value, the share price. And as you know, Tesla's been a hot topic for investors. A lot of people want to own some Tesla stock. About you, Will, you got any Tesla stock?

0:38.0

No, I should have...

0:40.0

Yeah, you think... Imagine where you'd be right now. Early days, Tesla stock, it wouldn't be that you

0:47.4

wouldn't be sitting there? No. No. You could be wearing that hat out on a

0:51.8

beach somewhere.

0:53.0

Tesla just became the world's most valuable automaker after the electric vehicle company's

0:58.4

market values surpassed Toyota's for the very first time. Shares of Tesla gained 5% to hit a new all-time high of 1,135 dollars per share,

1:10.8

giving the company a valuation of roughly 2006.5 billion dollars with a B.

1:17.0

They spelled billion with a B.

1:20.0

Compared with Toyota's valuation of about $202 billion.

1:25.0

So you got a difference of $4.5 billion in there.

1:29.0

Some quick math for you there, Will.

1:32.0

Like I said, it's a big deal, not just, I mean, said it's a big deal not just I mean it would be a big

1:35.1

deal for any automaker to surpass Toyota at this point it's been tough in the

1:39.1

auto biz as I'm sure you've heard auto sales are down big time for a variety of reasons,

1:46.0

none bigger than the current state of the world,

1:48.0

the lockdown that's going on,

1:49.0

people just not thinking about buying cars.

1:52.0

However, Tesla is in this weird zone where yes it's a car

...

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