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Tesla is $58.370B Away From Becoming The Most Valuable Car Manufacturer In The World

On the 22nd of January 2020 we shared an article titled: Is Toyota Next After Tesla Took Over No2 Spot From VW?. Toyota market cap was $200.327B when the article was released, but now the market cap of the car maker is presently $198.96, while Tesla on the other hand was valued around $100B then, but at the moment Tesla has a market cap of $140.591B, putting Tesla $58.370B away from taking over the No1 spot.

Monday has been historical day for Tesla investors after the Share of the electric car maker jumped +19.89% (+$129.43) in a single day, finishing the day at $780 and establishing a new record all time high and a new intraday high at $786.14. It was the largest share increase since May 9, 2013, when it rose by 24.4 percent.

src: @vincent13031925

Tesla Bulls Price Targets

Argus Research analyst Bill Selesky increased his price target for Tesla to $808, from $556, and kept his stock rating at a purchase price. The price target is 11 percent higher than Monday’s price and is among the best on Wall Street. “Our positive view assumes continued revenue growth from the legacy Model S and Model X, as well as strong demand for the new Model 3, which accounted for more than 80% of (fourth quarter’s),” Selesky said.“Despite past production delays, parts shortages, labor cost overruns, and other difficulties, we expect Tesla to benefit from its dominant position in the electric vehicle industry and to improve performance in 2020 and beyond.”

Wedbush analyst Daniel Ives reiterated a HOLD but upped his price target to $710 on Tesla’ Share and thinks the bull party “will likely continue in the near-term as the aggressive trajectory of Giga Shanghai production and demand out of Shanghai looks very strong out of the gates with the potential to see 150k units/demand out of the region over the next year…”

The largest Tesla Bull Ever.. Ark Invest CEO Catherine Wood has a super bullish price target of $22,000. Read more here

2020 Super Bowl Ads Pushed EVs

The Super Bowl is always a car advertising vehicle, but the Super Bowl 54 was the year of the electric vehicle. There had never been more than one EV ad in the Super Bowl in previous years. There were four of them this year.

Looking at today’s stock prices from all Car manufacturers, Tesla is clearly the winning of the Super Bowl Ads, without advertising at the event.

Toyota-Panasonic joint partnership to start production of EV batteries

Toyota Motor Corp and Panasonic Corp have agreed to set up a joint venture to start developing electric vehicle (EV) batteries from April onwards, as Japanese companies are preparing for the expected increase in demand. The new company, Prime Planet Energy and Solutions, will produce prismatic-or square-shaped-batteries that will be available to any automaker, said the two companies in the state.

Prime Planet Energy and Solutions will launch operations on April 1st with more than 5,000 employees, with Toyota controlling 51% and Panasonic keeping the remainder.

“Batteries – as solutions for providing energy for automobiles and various other forms of mobility, and as solutions for various kinds of environmental issues – are expected to fulfil a central role in society going forward,” the companies said in the statement.

Toyota Vs Tesla

The race to the number one most valuable car manufacture in the world has just began. Tesla according to most analyst is atleast five years ahead of Toyota in terms of EV manufacturing, battery technology, autonomous technology, and many more.

How Toyota will remain the most valuable car maker in the world is yet to be seen.

To be continued :D.

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