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Tesla beats all records – shareholders are delighted

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Tesla beats all records – shareholders are delighted
April 05
08:00 2017

At yesterday’s bidding the company Tesla broke the record of the shares price. During the tender, the price of one share of Elon Musk’s brainchild went up to $ 304. At the moment of the trading close, a mark of $ 303.7 was recorded.

Elon Musk founded the company with the main profile to produce electric vehicles. And, probably, he set himself an ambitious goal to knock General Motors off the pedestal of the most expensive carmaker of the United States.

Tesla with its modest 14-year-old history is breathing down the neck of General Motors that is a conservative auto giant with more than a hundred years of experience.

As of yesterday, the figures with respect to the capitalization of the two giants were as follows:
General Motors – 51.19 billion US dollars
Tesla – $ 48.69 billion
An interesting fact is that only this Monday Tesla moved from the third place to the second one regarding the capitalization. Ford Motor Co. took the third place.
Tesla’s growth is incredibly rapid; judged by the results of the first three months of 2017, deliveries of electric cars have increased by 69% compared to the same period in 2016. In absolute terms this means that 25,000 electric vehicles have been produced for three months of the new year.

The material was prepared with the participation of  Vladimir Haritonov,
a leading analyst of the brokerage company VOSPARI.

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