Wednesday, September 2, 2020

Tesla nears almost all its peers combined in market value

Could Tesla Inc. be more valuable than 18 other automakers in the U.S., western Europe and Japan combined? From a stock-market perspective, the answer is yes -- almost. The electric-car maker came within $1.3 billion on Monday of exceeding the MSCI World Automobiles Index’s market value after excluding Toyota Motor Corp., according to data compiled by Bloomberg. The gap started the year at $478.3 billion and dwindled as Tesla surged sixfold through Monday. Every other automaker in MSCI’s index fell in the period except Ferrari NV, which rose 10%.

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