• 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
  • Honda Takes Wraps Off New All-Electric Prologue
  • Mercedes to Offer True Self-Driving in Late 2023
  • Biden Meets UAW Picketers, Offers Support
  • Ford Halts $3.5B MI Battery Plant; Fain Slams Company
  • An Electric Acura NSX Could Be Coming
  • Jeep Culture is a Real Thing
  • Porsche Cars North America Gets a New CEO
  • Canadian Union Approves New Contract with Ford
  • The Rearview Mirror: Birth of a Legendary Design
  • UAW Ups Pressure, Expands Strikes to Parts Depots
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 Mercedes-Benz EQB 250+
    • A Week With: 2024 Mazda CX-90 Turbo S Premium Plus
    • A Week With: 2024 Mercedes-AMG EQE SUV
    • A Week With: The 2024 BMW i7 xDrive60
    • A Week With: 2024 Alfa Romeo Tonale Veloce AWD
    • A Week With: 2023 Toyota Camry XSE Hybrid
    • A Week With: 2024 Subaru Impreza RS
    • A Week With: 2023 Chevrolet Colorado ZR2 Desert Boss
    • First Drive: 2024 Polestar 2
    • A Week With: 2024 Mercedes-Benz GLE 450 4Matic
    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 Tops Toyota as World’s Most Valuable Automaker

        Tesla Tops Toyota as World’s Most Valuable Automaker

        Ongoing stock run puts EV maker atop the heap.

        Michael Strong
        Michael Strong , Managing Editor
        July 01, 2020
        Why is this man smiling? Tesla CEO Elon Musk has seen the company’s market cap pass that of Toyota, making Tesla the world’s most valuable automaker.

        The extended run up of Tesla’s stock carried it past its Detroit rivals some time ago, but the push into its current territory above $1,000 a share has helped it topple the “king” – Toyota – as the world’s most valuable automaker.

        The move could be seen by many, perhaps rightfully, as a changing of the guard: electric vehicles versus gas-powered vehicles.

        Tesla shares jumped 3.7% in trading Wednesday, meaning its market capitalization exceeded $207 billion, surpassing Toyota’s nearly $202 billion. The stock was trading in the $1,118 to $1,120 range midafternoon. It opened today at $1,083 a share.

        (Tesla readying to build new battery operation in California.)

        Reports of serious Tesla quality problems, especially with the new Model Y, were underscored by the 2020 IQS, However, they haven’t hurt the stock price.

        The latest push comes after it was revealed that Chief Executive Officer Elon Musk emailed employees, imploring them to put on a big push at the end of the quarter and that could help the California-based EV maker break even for the second quarter — a result other automakers might actually kill to replicate.

        “Breaking even is looking super tight. Really makes a difference for every car you build and deliver. Please go all out to ensure victory!” wrote Musk, according to website Electrek. Tesla’s expected to its second-quarter sales results this week.

        Tesla’s not been the only example of strong results for the battery-electric crowd. Potential rival Nikola Inc. saw its market cap exceed that of Ford Motor Co.

        (Tesla stock soars past $1K as Musk talks moving up Semi truck production.)

        The company is taking orders for its Badger electric pickup truck, which will be available in two versions. One is powered by an EV battery and has a 300-mile range while the other is powered by fuel cells with a 600-mile range. It’ll cost $5,000 to reserve the new truck, which is expected to arrive in December.

        Tesla wants to build a battery research and manufacturing center at its Fremont, California plant, a project that is code named Roadrunner.

        Additionally, the aforementioned Toyota saw sales of its top-selling RAV4 SUV establish a new benchmark in June. The company said the hybrid version of outsold the automaker’s gas-powered version.

        Meanwhile, Tesla’s stock price kept up its torrid pace upward as the company announced its full-self-driving package is also on the rise: pushing to $8,000. Musk has been saying this would happen for a few months now – it was $7,000 before this – and that it will continue to rise as it gets closer to being reality, which he’s been predicting for nearly two years now.

        (Tesla Model Y hammered by quality problems.)

        Just a few days after Musk set the date for the company’s Battery Day, it was discovered the EV maker wants to build a battery research and manufacturing center at its Fremont, California plant, a project that is code named Roadrunner.

        How to Care for Your Car

        Cheap Car Warranty

        Editor's Choice

        Best Extended Car Warranty

        Editor's Choice
        Recently Published
        2024 Honda Prologue debut w:exec

        Honda Takes Wraps Off New All-Electric Prologue

        Today

        Mercedes to Offer True Self-Driving in Late 2023

        Yesterday
        Biden speaks to UAW with bullhorn

        Biden Meets UAW Picketers, Offers Support

        Sept. 26, 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: