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Tesla hits 102 billion market value, now second most valuable carmaker

Tesla has overtaken Volkswagen and become the world's second most valuable car manufacturer

By Jak Connor on Jan 28, 2020 05:42 am CST - 1 min, 2 secs reading time

Tesla has earned itself a new achievement, as Elon Musk's company has managed to overtake Volkswagen and become the world's second most valuable car manufacturer.

Tesla hits 102 billion market value, now second most valuable carmaker | TweakTown.com

Tesla's market evaluation has risen over $102.66 billion, which exceeds the German car manufacturer Volkswagen at $89.68 billion. Other big companies such as General Motors are currently sitting at fourth with $49.88 billion, Honda at fifth with $49.71 billion, and Daimler at sixth with $48.29 million.

So who's first? Toyota has pulled ahead and is in the lead by far, with a market value of $230.95 billion. It seems that Tesla has a lot of leg work to do to take first place, which means that the company is going to be aiming to sell a lot more cars. In 2019 Tesla only sold 367,000 cars, compared to Volkswagen's 11 million. 2020 and beyond will be a different story, as the company will be pushing the electric vehicle standard further than ever before.

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Jak Connor

ABOUT THE AUTHOR - Jak Connor

Jaks love for technology and more specifically PC gaming began at 10 years old, it was the day his dad showed him how to play Age of Empires on a old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of the typical FPS PC gamer, Jak enjoys the likes of a solid MMO, RPG, or a single-player linear story. More importantly, though, he holds a very special spot in his heart for RTS games.

NEWS SOURCE:vrzone.com

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