Tesla, a very young brand compared to its competitors, was founded in 2003. However, the high value added cars produced by the company, technological equipment and marketing efforts support them to be the most valuable in the market.
Tesla’s value rose 5.9 percent last Wednesday and 31 percent in 2019. With these increases, one Tesla share became $ 579.51, while the market value of the brand increased to $ 104.5 billion. Thus, they left Volkswagen, one of the largest manufacturers in the world, behind. Volkswagen has a market value of $ 100 billion.
Tesla’s first pickup model Cyber Truck
The Model 3 car, in which the American manufacturer accelerated its deliveries in the last quarter of the year, attracted great attention especially in the European market. In addition, the fact that the Gigafactory opened in China started production and the deliveries of the manufactured cars also contributed positively to the increase of the company’s value.
Attracting attention with CyberTruck, which was introduced in 2019, Tesla started production of a model Y crossover in its new factory.
German giant Volkswagen, which is at the top of the world automotive industry, sold 10.97 million vehicles in 2019. In Tesla, this number is only 367 thousand 500. However, the market value of a company does not only indicate that it is good momentarily. The share values of companies with bright future can increase as Tesla is.
New Street Research analyst Pierre Ferragu stated that the company will deliver 2-3 million cars in 2025 and will be the industry’s most profitable brand.
(REUTERS and BLOOMBERG)
