Question: Please help me answer this please as soon as you can. On July 1, 2020, Tesla officially surpassed Toyota to become the worlds most valuable

Please help me answer this please as soon as you can.

On July 1, 2020, Tesla officially surpassed Toyota to become the worlds most valuable car company with a $208 billion valuation. It has nearly quadrupled since then. Teslas market cap is currently $767 billion (as of Oct 1, 2021) , versus $288.41 billion for Toyota. In comparison with Tesla, the market cap of General Motors is $77.13 billion and Ford is $55.56 billion (Google Finance). So, Tesla is more than 2.5 times as big as Toyota, and nearly 6 times as big as Ford and GM combined.

Use the document Tesla is on a roll as a starting point and draw on resources on the Internet to answer the following question:

Make sure your analysis is closely based on the frameworks and supported with data and factual evidence. Your analysis must be thorough.

Here's Tesla in a roll.

On July 1, 2020, Tesla officially surpassed Toyota to become the worlds most valuable car company with a $208 billion valuation. It has nearly quadrupled since then. Teslas market cap is currently $767 billion (as of Oct 1, 2021), versus $288.41 billion for Toyota. In comparison with Tesla, the market cap of General Motors is $77.13 billion and Ford is $55.56 billion (Google Finance). So, Tesla is more than 2.5 times as big as Toyota, and nearly 6 times as big as Ford and GM combined.

Its becoming clearer why Tesla stock is soaring: People value Tesla for its long-term potential as the leader in electrification.

1. Tesla is a tech company as much as its a car company. Meaning: Huge run-ups are possible.

2. The stock market sees EVs as the long-term future even if EV sales (all brands) in the US and Europe are super-soft so far this decade.

3. Tesla stock is the clearest way to invest in an EV future. Also just about the only way, except for component parts (sensors, batteries), because there arent many publicly traded, EV-only car companies.

4. Investors see Elon Musk as a visionary and they discount the short-term-goofy things he does, says, or smokes.

Nikkei Asian Review recently did a teardown of the Tesla Model 3 and engineers who did the analysis were surprised how far ahead Tesla appears to be in electronics. We cannot do it, a Japanese car engineer said of the Model 3s central controller and of Teslas head start on everyone else, which may be five to six years. One reason put forth is that Tesla does not favor legacy suppliers. As a new company, Tesla has started fresh, at least in regards to its core processing. Its also generally agreed to have the best battery and battery-management technology.

Teslas biggest advantage over competing automakers today is how it has updated the auto business model. Bloated dealerships are out of the picture, marketing budgets can be slashed, and Tesla can now generate more money on each sale than competitors can.

With Tesla products, they arrive late or horribly late. But when they do arrive, they surprise and delight, and they create a cadre of loyal followers, sort of like Apple Moonies.

Chinas middle class is showing unhappiness with dirty air. The European Union has talked about banning combustion engine vehicles within two decades. Energy used for transportation is about a quarter of all consumption in the US, according to the US Energy Information Agency, and 96 percent of that locomotion comes from petroleum. This is why EVs have a stronger future that combustion-engine cars. And this may be the primary reason Tesla stock keeps rising, as mentioned above: the belief that there will need to be more electric vehicles over our lifetime.

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