Tesla soars on Chinese demand

Tesla shares have rocketed past the milestone of $1,000, and its market capitalization has ballooned to more than $190 billion, driven by demand for its Model 3 electric car in China


Market capitalization	Tesla	Volkswagen	Toyota

Tesla Model 3

Jun 10: Shares close at $1,025.05
Rise of around 14% in Tesla shares could see it claim Toyota’s crown as world’s most valuable carmaker

Q1 2020: Tesla produces 103,000 vehicles, up from 77,100 vehicles in Q1 2019. First production at its Gigafactory Shanghai in China


Jan 22, 2020: Tesla’s market cap hits $102.7bn, passing VW as world’s second-most valuable automaker


$bn 
250						$215.89bn
200	$177.74bn				$190.16bn
150 
100 	$84.22bn				$85.16bn
50	$40.69bn
	Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 
		2019 			2020


Sources: Bloomberg, Reuters, Tesla, Toyota 
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