Tesla Temporarily Surpassed Toyota As Largest Automaker


Elon Musk is on a role as Tesla temporarily becomes the biggest automaker in the World.

Tesla temporarily surpassed Toyota as the world’s most valuable automaker. Tesla’s stocks were at a record high at over $1,000 per share, according to a report by Money Control.

Now, Tesla’s stock is around $975, which dropped them out of the top spot.

In a leaked email, CEO Elon Musk hinted at plans to ramp up production for his highly anticipated semi-truck, although an exact timeframe was not given. When asked on Twitter if the report of the email was accurate, Musk responded, “yes”.

The plans for an electric semi-truck were first released in 2017.

In addition to car sales, Tesla also brings in revenue from their growing energy unit and their automotive approach.

Read the full report here.


Economics, Finance and Investing