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.

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