A watershed moment in the relatively short history of Tesla. Yesterday their market capitalisation rose above that of Ford, the second oldest production vehicle manufacturer in the world. The shares rose 7% yesterday to $298.52 as car deliveries for Q1 beat analysts expectations. This means Tesla is now worth $48 billion, whilst Ford is worth $45 billion. If we look a little closer, it’s even more surprising given that annually Tesla only makes around 76,000 cars, whilst Ford makes 2.6 million. Clearly technology has a huge part to play in this. The investment from Tesla founder Elon Musk in the battery development factory, called Gigafactories, paying dividends in terms of improvement in duration & overall power. Tesla now boots the fastest production car in the world, moving from 0-60 mph in 2.5 seconds and a new battery range of 265 miles one just 1 charge for its latest S model.

Good luck,

Jordan Hiscott, Chief Trader


The views and content expressed above are the views of the author and do not reflect the views of ayondo markets. This service is for information only and should not be interpreted as investment advice or any recommendation to enter into a financial transaction.

« Back to the ayondo Blog