Tesla overtook BMW


Electric car manufacture and energy storage company Tesla became the 4th most valuable automotive company in the world. The number of vehicles delivered by Tesla in the first quarter of this year increased by 69 percent and reached 25 thousands and the company had a record in itself in this field. This caused the investors to be confident of the future of the company and as a result the demand for the stocks of the company has increased accordingly.

Tesla, traded on the New York Stock Exchange, reached a value of $ 376.87 per share, while the company’s market value is $ 63.68 billion. Thus, Tesla succeeded to be the 4th most valuable automotive company of the world by leaving the German automotive company BMW behind.  The market value of BMW is about $ 55 billion.

Tesla became the most valuable automotive company in the US market by passing the market value of American General Motors in April.

Financial experts point out that the number of vehicles delivered by Tesla in the first quarter of this year increased by 69 percent compared to the same period of last year and reached a record of 25 thousands in this area. This is why the investors have confidence to the future of the company and thus the demand for the company increases in the stock markets.

Toyota ranks the first among the most valuable automotive companies in the world.  Daimler AG is the second and Volkswagen is the third most valuable car manufacturer company in the world.

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Tesla overtook BMW

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