• About
  • Contact
Friday, January 22, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home Automobile

Tesla Is Most Valuable Automobile Company In World Despite Pandemic

Pritish raj by Pritish raj
June 18, 2020
in Automobile, News
2 min read
0
Tesla Shares Valuable Automobile Company Ford- Next Big Brand

Tesla- Next Big Brand

Share on FacebookShare on Twitter
  • Tesla becomes the most valuable automobile company in the world and manages to hit new heights even despite a pandemic

Tesla manages to hit new heights even despite a pandemic.

The company, which began as a problem-plagued upstart just over 15 years ago, Tesla is now the most valuable automobile company in the world – overtaking industry giants like Toyota and Volkswagen.

This milestone comes after a year of steady growth, which only struck a speed bump earlier this year because of the negative impact COVID-19 had on new car sales. Despite these headwinds, the valuation of Tesla has jumped since last year’s time by an impressive 375 percent.

Tesla reached an impressive milestone earlier this year, surpassing the cumulative value of both GM and Ford. The stock of the automaker has continued its upward trajectory ever since.

In 2019, thanks to Model 3 ‘s popularity, Tesla sold more cars than it did combine in the previous two years.

Tesla CyberTruck- Next Big Brand
Tesla CyberTruck- Next Big Brand

The company is also taking big steps to increase its production capacity.

Currently, Austin, Texas, and Tulsa, Oklahoma are rolling out the incentives to attract Tesla’s new factory based in the US. With the construction of Giga Berlin, the company is also increasing its global presence, being the first European production facility, as well as completing the ongoing expansion of its Giga Shanghai facility in China.

Tesla ‘s latest price bump has been fuelled in part by a leaked internal memo from Tesla ‘s CEO, Elon Musk, urging the company’s staff to go “all-out” to bring electric semi-trucks to the global market on a scale.

Needless to say, Musk ‘s enthusiasm for semi-trucks comes from nowhere. Another venture, Nikola (also named after the famous inventor Nikola Tesla), is focused on electrifying the approximately two million semi-trucks on the US market.

Although Nikola has yet to produce a vehicle, its market cap has risen to $24 billion, almost equal to Ford ‘s valuation. Like Tesla, the company already has preorders from major companies seeking to add electric trucks to their fleets of delivery.

Zero-emission heavy-duty trucks are an easy solution for major brands looking to hit ESG targets, especially if the vehicles also live up to claims to be cheaper over the vehicle’s lifecycle. The big question is which car manufacturer will capitalize first on this mega-market?

Previous Post

Indian Intelligence Agencies Asks Government To Ban 52 Chinese Mobile Apps

Next Post

Chinese Smartphone Brands Unaffected Despite Anti-China Sentiments

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery
News

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

January 22, 2021
Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal
News

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
Tata Group is All Set to Acquire 60% stake in BigBasket
News

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.
News

Alibaba Share Surges after Jack Ma’s Resurfacing Video

January 20, 2021
Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
News

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
Next Post
Chinese Smartphones Brands- Next Big Brand

Chinese Smartphone Brands Unaffected Despite Anti-China Sentiments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Apple News-Next Big Brand

Apple News Reaches 100 Million Users & App Store Sales Expand

1 year ago
top-indian-ceo-next-big-brand

10 Indian Chief Executives in The List of Influential CEO

1 year ago
Cars

Auto Sales Witness a Major Drop in India in April-May

2 years ago
Inspire Brands Will Buy Dunkin’ Donuts In $11.3 billion Deal

Inspire Brands Will Buy Dunkin’ Donuts In $11.3 billion Deal

3 months ago

FOLLOW US

  • 22.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery
  • Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
  • SEBI Approved Much Talked Future Group-Reliance Industries Deal

Instagram

Follow Me!

Latest News

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

January 22, 2021
Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.