Elon Musk reveals Tesla's savior

Elon Musk reveals Tesla’s savior

Tesla has become the world reference in the electric vehicle niche.

The firm and its whimsical and visionary CEO Elon Musk have become symbols of the decline in CO2 emissions from the automotive sector.

The automaker currently produces more than 1.37 million electric vehicles a year, driving a huge chasm with its competitors. It is profitable with margins that make its competitors green with envy.

Its market capitalization reached $1 trillion in 2021 before collapsing to nearly $390 billion currently. No other automotive group comes close. Toyota (MT) – Get a free reportthe world’s largest automotive group by production volumes, has a market value of $191 billion, while Volkswagen (VWAGY) – Get a free report has a market value of around $83 billion. Ford (F) – Get a free report and General Motors (GM) – Get a free report have a market cap of $51 billion and $52 billion, respectively.

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