[ad_1]
Trees don't go up to the sky … And yet Tesla is on the march to prove the contrary. The Californian automaker founded by Elon Musk crossed in early February thresholds of market capitalization which propelled it into the stratosphere of the automotive sector. Monday February 3, Tesla was listed for $ 140 billion … Or the valuation of Volkswagen, Renault and PSA combined! In other words, from the top of its 360,000 cars sold in 2019, the company founded by Elon Musk was worth as much as the 18 million cars built by these three automotive groups. And yet Tesla is still unprofitable over an entire fiscal year. In 2019, only the third quarter was profitable. What are the driving forces behind this extraordinary stock market dynamic?
Tech value?
There is little debate around Tesla's innovative strength. "Everything is cutting-edge technology at Tesla, from software updates to batteries that resist extreme temperatures, Tesla has the best technologies," said John Plassard, investment specialist at Mirabaud.
In addition, Tesla marketed the car tremendously well …
[ad_2]
