• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • The Rearview Mirror: The Car That Started a ’70s Car Design Craze
  • Inflation Reduction Act Paying Off as Battery Makers Invest Billions in U.S. Factories
  • Back in Production, Ford Again Raises Pricing for F-150 Lightning.
  • First Look: 2024 Hyundai Sonata
  • Despite Two Decades of Warnings, Distracted Driving Remains a Major Problem
  • Treasury Dept Ruling Expected to Cut EV Tax Credits
  • Sen. Manchin Threatening to Sue Over New EV Battery Rules
  • Ford Bolsters EV Supply Chain with $4.5B Nickel Processing Plant
  • Unified UAW Talks Tough Before Contract Talks with Detroit Three
  • Faraday Future May Have One: Production Begins
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
      • Feeder
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • A Week With: 2023 Nissan Rogue Platinum AWD
    • A Week With: 2023 Kia Soul GT-Line
    • A Week With: 2023 Ford Maverick Tremor
    • A Week With: 2023 Volkswagen ID.4 AWD Pro S
    • A Week With: 2023 Infiniti QX80
    • A Week With: 2023 Genesis GV80 Prestige 3.5 Turbo
    • First Drive: 2024 Dodge Hornet R/T
    • First Drive: 2023 Dodge Hornet GT
    • First Drive: 2023 Genesis Electrified GV70
    • First Drive: 2023 Nissan Ariya e-4orce AWD
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automakers > Tesla’s Value Passes $100B, Pushes EV Maker Past VW

        Tesla’s Value Passes $100B, Pushes EV Maker Past VW

        EV maker has a long way to go before catching Toyota.

        Michael Strong
        Michael Strong , Managing Editor
        Jan. 24, 2020
        Tesla CEO Elon Musk has long discounted his critics and the recent rise of the company’s stock shows the confidence of investors.

        Tesla Inc. sells more electric vehicles than all other EV sellers combined and enjoys a larger market capitalization than General Motors and Ford combined. So what’s next? Passing Volkswagen!

        The recent meteoric rise in the company’s stock – it’s more than doubled in value in the last three months – pushed its market cap past the $100 billion Wednesday. It’s a figure that is a first for a listed U.S. automaker.

        Toyota is the top dog with a market cap of $233 billion.

        (Tesla sales flattened out even before losing federal tax credits)

        Tesla began delivering Model 3 sedans built at the Shanghai Gigafactory.

        Tesla’s stock run has been fueled by a wave of positive news in recent months, such as completing the deal for its European gigafactory in Germany, delivery of its first vehicles from its Chinese gigafactory, a stronger-than-expected fourth quarter and a surprise profit in the third quarter.

        While many investors are skeptical Tesla can be consistently profitable, the recent news as well as the influx of new EVs by competitors have pushed the company’s share price into the mid-$500 range. However, there are issues the company faces in the near term.

        After years of aggressive sales growth that accelerated rapidly with the 2018 launch of the Model 3 sedan, Tesla sales all but flattened last year, demand for its older Models S and X tumbling rapidly.

        (Tesla denies problems with unintended acceleration)

        Tesla had to cope with the phase-out of its federal tax incentives during 2019, the credits offered buyers eliminated as of the beginning of this month. It’s unclear what impact that could have on demand. Meanwhile, the Model Y SUV that the company hopes will be even a big sales driver than the Model 3 sedan isn’t likely to reach showrooms until late 2020.

        The Model Y, shown here at its debut, will be critical to Tesla’s success – and Musk’s next big payday.

        Even as Tesla sales flattened, new competitors entered the battery-car market, while others updated existing products. Though its true that sales of products like the Nissan Leaf, Audi e-tron and Jaguar I-Pace didn’t come close to matching Tesla’s total and generally lagged expectations, they did manage to grow faster than their California rival, in the process trimming Tesla’s overall market share.

        The Model Y is expected to draw significant interest, CEO Elon Musk forecasting demand could double that of the Model 3 sedan in an SUV-centric market. But Tesla will face more competition than ever this year, with significant new entries coming in 2020 – such as the Porsche Taycan, Ford Mustang Mach-E, Volkswagen ID.4, Mini-E and an as-yet-unnamed Cadillac SUV.

        (Tesla reaches deal to sell, service vehicles in Michigan)

        “Tesla has grown fast at various points in the past, and it may do so again in 2020 – but in 2019 it grew only 0.3% in the U.S. and lost ground to most major competitors,” said EV market analyst Anton Wahlman, and the question is whether or not it will regain its momentum this year.

        How to Care for Your Car

        Cheap Car Warranty

        Editor's Choice

        Best Extended Car Warranty

        Editor's Choice
        Recently Published

        The Rearview Mirror: The Car That Started a ’70s Car Design Craze

        Yesterday
        Ultium Battery Pack

        Inflation Reduction Act Paying Off as Battery Makers Invest Billions in U.S. Factories

        March 31, 2023
        2022 Ford F-150 Lightning - muddy on trail

        Back in Production, Ford Again Raises Pricing for F-150 Lightning.

        March 31, 2023

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2023
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: