Just four months after Tesla overtakes Volkswagen’ then $99.4 billion market cap., Tesla becomes the king of car manufacturing and the most valuable car manufacturer in the world.
Eight years after Toyota Motors overtakes Volkswagen to become world’s most valuable car manufacturer, the title now belongs to electric vehicle maker, Tesla Inc!.
Toyota Motors market cap. now seats at $182.148B, while Tesla Inc!. market cap. is $190.427B, just $10 billion away from $200 billion USD.
Tesla CEO Elon Musk said in a leaked memo that it’s high time to “go all out” and start volume production of the Tesla Semi, the all-electric Class 8 truck revealed nearly three years ago.
It’s time to go all out and bring the Tesla Semi to volume production. It’s been in limited production so far, which has allowed us to improve many aspects of the design. Production of the battery and powertrain would take place at Giga Nevada, with most of the other work probably occurring in other states. Jerome and I are very excited to work with you to bring this amazing product to market!”