Tesla stock is up 78% from the first of the year. It's been a crazy ride if you watch their stock. Just a week ago today, more of their stock was traded in a single day than any other, ever.
Production of cars in 2019 (yesterday's post) was a whopping 50% higher than 2018. That's huge. Investors who have funded that big stock price see a big future for this company. The gigafactory in Shanghai is already producing, and re-opens today after a close for coronavirus. Another one is going to be built in Germany.
According to this article, Tesla's market value is now about $140 billion. Toyota sells many times as many vehicles, but their market value is only about $50 above Tesla's. Toyota is the highest valued car company in the world.
Around the world, Tesla has over 14,000 supercharger stalls at 1659 locations, with a hundred more under construction.
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