Tesla’s capitalization exceeds $ 900 billion

Tesla's capitalization exceeds $ 900 billion

Tesla has published its financial report for the third quarter of 2021.

Despite the stagnation of the car market due to a shortage of chips, Ilona Maska’s company has impressive revenue of $ 13.76 billion and a net profit of $ 1.62 billion. Convincing figures in the report had a positive effect on the company’s shares, which immediately went up. During the day, shares of Tesla rose by $ 10 dollars, surpassing $ 900 per unit.

This is a historical record for the company. Due to the rapid growth of shares, Tesla’s market capitalization reached $ 908 billion. Thus, the electric car manufacturer has increased its already impressive gap with competitors in the automotive industry. Now Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai, and Nissan combined.

If you like the material, tell your friends about it. Thank you!

Related Posts

iPhone 14 Pro and Pro Max have problems while charging

The new iPhone 14 Pro and Pro Max have been found to have serious battery issues. The fact is that they periodically reboot when users put their…

Google recommends updating your Chrome browser

At the end of last week, an urgent update of the Google Chrome browser was released, designed to eliminate a zero-day vulnerability – this is the class…

iPhone 14 Pro was shown in photos and videos

The presentation of the iPhone 14 Pro will take place, most likely, on September 7. Meanwhile, more and more information about the gadget dreamed of by many…

Lenovo Legion Y70 is officially presented

The Lenovo company officially presented its first smartphone on the flagship Qualcomm Snapdragon 8 Plus Gen 1 platform – it was the new gaming Lenovo Legion Y70….

The new low-cost iPad has been put into mass production

ITsider previously reported that the new iPad Pro 2022 with a notch will be equipped with the Apple M2 chipset. And today it became known that Apple…

Vivo Y35 is officially presented

The company Vivo without loud announcements presented a new affordable smartphone Vivo Y35. The model received 44W FlashCharge fast charging (most similar solutions, it should be noted,…

Leave a Reply

Your email address will not be published. Required fields are marked *