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The electric vehicle specialist’s market cap has collapsed by more than 20 per cent over the past eight weeks, however it still remains the world’s most valuable car maker by a factor of almost four.
Tesla’s market capitalisation has dropped below $1 trillion for the first time since eclipsing the milestone this October – however, the electric vehicle specialist remains the world’s most valuable car maker by a significant margin.
Market capitalisation measures the value of a company from stock market prices; effectively, the figure represents the current share price multiplied by the total number of shares.
Since peaking at $US1229 ($AU1750) in early November, Tesla stock has fallen by approximately 22 per cent to $US958 ($AU1350).
This equates to a market cap of $962.60 billion ($AU1353) – down from $US1.25 trillion ($AU1.8 trillion) two months ago.
Various other factors – including the removal of production timelines for many key and promised future models (click here and here to read further) – may have also contributed to drop in value.
Drive Car of the Year Best Electric Vehicle 2021 finalist Tesla Model 3 as seen from the rear.
While the collapse is not insignificant, Tesla remains the world’s most valuable car maker by a a factor of almost four (and the sixth most valuable company outright).
Japanese marque Toyota trails in second place with a market cap of $US250 billion ($AU350 billion), while Chinese marque BYD sits in third with a market cap of $US134 billion ($AU190 billion).
He has maintained a primary focus on industry trends, autonomous technology, electric vehicle regulations, and local environmental policy.
As the newest addition to the Drive team, William was brought onboard for his attention to detail, writing skills, and strong work ethic.
Despite writing for a diverse range of outlets – including the Australian Financial Review, Robb Report, and Property Observer – since completing his media degree at Macquarie University, William has always had a passion for cars.
Read more about William Davis
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