Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Tesla beats BMW to become world's 4th most valuable carmaker
short by Vani Vivek / on Friday, 9 June, 2017
Elon Musk-led electric carmaker Tesla's shares on Friday rose 1.4%, boosting its market cap to $61.6 billion, about $280 million more than German automobile major BMW. Tesla is now the world's fourth-most valuable automaker, behind Toyota, Daimler, and Volkswagen. Tesla delivered less than 80,000 vehicles last year and has only reported two profitable quarters since it was founded in 2003.
read more at Bloomberg