Tesla is now america’s most valuable company in the industrial sector. Finally!!!!!
The California-based electric vehicle manufacturer and world second most valuable car manufacturer, is now America’s most valuable industrial company after beating the aerospace giant Boeing.
Tesla market capitalization now sits comfortably above $1 billion, while Boeing market capitalization is presently worth about $93 billion, after U.S. President Donald Trump made an historical speech that tanked the stock market overnight.
This week, the World Health Organization (WHO) officially designated the coronavirus outbreak a pandemic, as the virus spread across more than 100 countries and infected well over 100,000 individuals. The Dow sank more than 1,200 points following the announcement.
U.S. President Donald Trump on Wednesday announced that all flights from Europe are banned for 30 days, sinking shares of Boeing Co more than 16% on Thursday.
Congratulations to Team Tesla and CEO Elon Musk. This is a big win. Tesla Inc. passed Boeing Co. as the most valuable industrial company in the U.S., closing a gap that was almost $200 billion a year ago.
Guess which company is next?, TOYOTA!.