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January 22, 2020 03:25 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/BpUQ7HSV3tk/tesla-surges-past-100-billion-market-value-usurping-vw
Tesla Surges Past $100 Billion Market Value, Usurping VW
Tesla's market value has climbed above Volkswagen AG's for the first time to more than $100 billion. From a report: The electric-car maker's shares jumped as much as 4.6% shortly after the open of regular trading Wednesday. At the early intraday high of $572.11, Tesla's market capitalization was roughly $103.1 billion, exceeding Volkswagen's $99.8 billion and trailing only Toyota Motor. While Musk's skeptics view as absurd Tesla being worth more than a carmaker that sold almost 30 times as many vehicles last year, Volkswagen's Herbert Diess isn't one of those cynics. He's been arguably the most vocal CEO running a traditional carmaker to acknowledge that Tesla's expansion heralds a radical shakeup of the more than century-old auto industry.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/BpUQ7HSV3tk/tesla-surges-past-100-billion-market-value-usurping-vw
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