With today’s near 1% rise to a new record high, Tesla just became the 4th largest (by market cap) automaker in the world – surpassing BMW at over $61 billion.
Tesla passed GM and Ford by market cap in April, and now ranks 4th in the world behind Toyota, Daimler, Volkswagen.
If you look at the different auto companies on paper, it does seem a bit proposterous, where Tesla is at this moment, versus some of the more established auto companies,” Jessica Caldwell, director of industry analysis with automotive research firm Edmunds, said in an interview with CBC’s On The Money on Monday.
This post was published at Zero Hedge on Jun 9, 2017.
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