Written by Felix Richter, Statista.com
— this post authored by Dyfed Loesche with content added by Econintersect.
Investors are showing Tesla some love.
Please share this article – Go to very top of page, right hand side for social media buttons.
The American manufacturer of premium electric sedans and SUVs hasn’t yet sold it total as many cars as the other Big Three manufacturers sell in a year, but its market cap is soaring and Tesla’s crawling up behind market leader General Motors. Critics point out that this is all based on notions of what Tesla could pull off in the future. Time will tell if the firm from Paolo Alto in California can prove its worth.
This chart shows market capitalization of selected American automobile manufacturers (in billion U.S. dollar).
You will find more statistics at Statista.
Content added by Econintersect
Over the last five years Tesla (NASDAQ:TSLA) has far outperformed the American auto giants (first chart below). But when you look at the last two years TSLA stock has pretty much played tag with GM (NYSE:GM) and Ford (NYSE:F), except for the last few months (second chart below).
For those who like to consider such things, someone who bought 100 shares of TSLA at the low on its IPO date (01 July 2010 – $14.98) would have seen the $1,500 investment grow to $22,300 today.
Click on either chart for large image.
