Tesla Rising!
Two years ago, Tesla moved into 4th place
(of all the auto makers
in the world by "market cap"),
and now they've just moved into 3rd place.
And since Tesla just announced their European factory
location will be in Germany, that's gotta sting, poor Daimler.
Next stop: 2nd place.
After Model Y and P (pickup) go into production,
and their Shanghai factory starts pumping out Model 3s in the
first quarter of 2020, and Tesla's energy division grows,
their increasing stock price will have Volkswagen sweating.
BTW, Audi is #10, Ford is #11, Fiat-Chrysler is #12, Hyundai is #13, and Nissan is #14
Market Capitalization:
The value of a company that is traded on the stock market,
calculated by multiplying the total number of shares by the present
share price.