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Tesla world's most valuable automaker

Jul 02, 2020

Washington DC (USA), July 2: US electric car maker Tesla Motors has become the world's most valuable automaker, worth 207 billion dollars, overtaking Japan's Toyota Motor.
On the New York Stock Exchange, Tesla's shares closed at a record high of 1,119 dollars on Wednesday.
The price has risen fivefold over the past 12 months and more than 2.6 times since the beginning of the year.
On Wall Street, shares of Tesla, online shopping company Amazon and streaming giant Netflix hit record highs on Wednesday.
The tech-heavy Nasdaq composite also climbed to a record level on the day.
Market sources say IT-related shares remain strong as they are less vulnerable to the new coronavirus pandemic.
But they say share prices are unstable in many sectors due to concerns over a possible further spread of the coronavirus in the United States.
Source: NHK World