A few years earlier, it was probably laughable if an allegation was made that a newly established company would become more valuable than the famous automotive company, Ford. This situation, which is quite meaningless even in thought, has turned into reality today. Established 14 years ago, Tesla Motors became more valuable than Ford, which was founded in 1903.
For many years, Tesla continued to move stones in the automotive industry. Tesla is slowly starting to climb up the steps of the leadership, as electric cars spread to a wider audience. Their market value reached $ 47.46 billion during the day. Ford was behind it with a market value of $ 44.89 billion. Electric Automotive Company, 100 years younger than Ford, has achieved significant success on this track. In fact, it is very close to crossing $ 51 billion of General Motors with this market value.
The company’s shares have been on the brink of the last weeks of 2016, a huge upsurge. It’s share price rose to $ 291.54 per share. If we think that 2016 is $ 181 per share in December, we can better understand how serious the rise is.
Although it is not possible to ignore the rise in terms of share value, let’s say they are still far behind in some cars sold. Last year, while Tesla sold only 76,000 cars, Ford sold millions of cars in the process. Investors’ confidence in Tesla has allowed the company to soar in the market. Tesla will continue to see this success.