Tesla electrifies the auto industry’s new era: Elon Musk’s young carmaker leads global transformation of transportation by MinamiFunakoshi and Paul Lienert
Tesla’s rapid ascent to the most valuable automaker in the world marks the beginning of a new era for the industry, one in which expertise in digital technology and electrification will be the critical factor for success, not the manufacturing efficiency that made Toyota the industry’s leading company for the past 25 years.
Among the leading automakers, Tesla’s new pre-eminence parallels Microsoft passing IBM in the 1980s — or General Motors eclipsing Ford nearly a century ago. The difference today is that investors look at Tesla as a software- and data-driven company while traditional automakers such as GM and Toyota are seen as more focused on hardware and machinery.
In late June 2020, Tesla zoomed past Toyota to become the most valuable carmaker on the planet, its value now eight times that of General Motors…Comparing the changing market capitalizations of Tesla, Toyota and General Motors Note: GM filed for Chapter 11 bankruptcy reorganization in June 2009 and re-listed on the New York Stock Exchange in November 2010.
Toyota passed General Motors in value 24 years ago, in June 1996. The Japanese automaker remained the world’s most valuable until June 29, 2020, before the phenomenal pace of Tesla share price rise shot the market cap of the California electric car maker to the top.Toyota’s revenue has grown steadily since the company had its initial public offering in June 2010.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Aims Tesla at Fourth Straight Profitable QuarterA positive second-quarter earnings report for Tesla would mark the first time the 17-year-old company has generated four consecutive quarters of profit and would qualify it for consideration in the S&P 500.
Read more »
Elon Musk Posts Pic of Son, Jokes Infant's Spoon Skills are LaggingElon Musk posted a picture of his baby son saying the kid can't use a spoon yet.
Read more »
Amber Heard seen on CCTV with James Franco as she denies cheating with Elon MuskJohnny Depp's ex-wife Amber Heard returned to the witness box a London's High Court for her second day giving evidence as part of his libel case against News Group Newspaper
Read more »
Elon Musk Says We Will One Day Stream Music Into Our BrainsWe\u2019ve come a long way, from headphones to earbuds to AirPods to...
Read more »
Elon Musk qualifies for second massive payday thanks to Tesla's tear - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Elon Musk’s Son Has No Clue About SpoonsElon Musk has also been a fringe character in the ongoing libel trial of Johnny Depp versus the publisher of The Sun
Read more »