You are here

Tesla becomes the most valuable carmaker in US

rooz Tesla becomes the most valuable carmaker in US image

It is a triumph for the disrupters, the ethos that makes the mercurial Elon Musk who he is. A decade ago, in the age of fossil fuel cars, Elon Musk decided to build everyday electric cars and took on the century old carmakers’ lobby. The efforts paid off in 2017 when Tesla’s market cap overtook GM, America’s biggest car maker, by a billion.
Knowing the volatile nature of financial markets, the joy might be short-lived for Tesla but the event marks an important milestone in the history of automobiles. In 13 years of its existence, Tesla has built only a few cars, most of which are quite expensive to begin with. Also, with electric infrastructure still in its nascent stages, the sales volumes aren’t anywhere close to what the GMs, Fords and Toyotas sell. But, Tesla has managed to define a start.
It is widely accepted that cars will be going the electric way and Tesla’s success in convincing their shareholders to back the venture is significant. It has led to a rise in their share values, helping Tesla raise more funds to invest in further research. The upcoming Model 3, being a budget car is expected to bring in volumes. Mainstream carmakers are also expanding their electric and hybrid portfolios and efforts are being made to develop the required infrastructure as well.
Show Comments Hide Comments Ad Things You Shouldn’t Miss Popular News Recent News 2017 Hyundai Elite i20 launched for Rs 5.36 lakh 1 2017 Hyundai Creta launched, gets two new variants 2 Car sales India March 2017: Winners and Losers 3 Mahindra Scorpio Adventure launched at Rs 13.09 lakh 4 New Audi A3 launched at Rs 30.5 lakh 5 Jeep K8 Concept leaked ahead of Shanghai debut 1 Qoros and Koenigsegg to showcase an EV Concept at Shanghai 2 2017 Maruti Suzuki Swift Dzire: What to expect 3 Ford Aspire Sports – What to expect? 4 Jeep Grand Cherokee Trackhawk breaks cover 5 Popular Videos Chapter 1: On The Road to AutoExpo – PowerDrift
Life at PowerDrift could be … err.. a little …
385 Likes 324422 Views Upcoming Cars Popular Cars Jeep Compass 12 April 2017
23L – 27L Maruti Suzuki New Swift September 2017
4.50L – 7.50L Hyundai Xcent Facelift 20 April 2017
5.50L – 8.30L Maruti Suzuki New Swift Dzire April 2017
5.70L – 8.50L Chevrolet Beat Facelift April 2017
4.30L – 6.40L All Upcoming Cars Maruti Suzuki Ignis 4.59 – 7.80L
3 Reviews
Maruti Suzuki Baleno 5.28 – 8.69L
77 Reviews
Maruti Suzuki Swift 4.81 – 7.47L
16 Reviews
Maruti Suzuki Swift Dzire 5.35 – 8.58L
25 Reviews
Maruti Suzuki Vitara Brezza 7.26 – 9.70L
31 Reviews
ask the experts
Join us on
About Us Careers Advertise with us Forums Sitemap Support Download Mobile App
View CarWale on Mobile © CarWale India Visitor Agreement & Privacy Policy Ask the experts 1800 2090 230 (8 AM – 9 PM) Toll free Select your city to avail offers
Currently available only in
Select City

Related posts

Leave a Comment