Thursday, July 2, 2020

Tesla Motors becomes world's most valuable auto company beating Toyota ( 5 to 1 Stock Splits)

Tesla Motors becomes world's most valuable auto company

TSLA ( NASDAQ )approved 5 to 1 Stock Splits in the Form of Stock Dividend.

Each shareholder of record on Aug. 21 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after the close on Aug. 28, the company said. Trading will begin on a stock split-adjusted basis on Aug. 31, Tesla said. Tesla stock already delivered more than 200% return this year.
Technology has made our life so easy and has given us so many facilities, which we could never have imagined before. At the same time technology has not only improved the standard of living of human beings, but has also brought revolutionary changes in the field of development of the country and the world.

Tesla Motors of America has become the world's most valuable auto company. It has overtaken Toyota Motors Corporation. Tesla manufactures electric cars. There has been a good rise in the shares of the company for some time.

Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage

Investors are betting on a possible change in the auto industry. Tesla is the company of Elon Musk. Musk is famous worldwide for working on the technology of the future. Tesla was listed on the US stock market 10 years ago, the price of Tesla shares has more than doubled this year. The company's shares rose 3.5 percent on Wednesday, after which the company's market cap stood at $ 207.2 billion, higher than Toyota Motor Corporation's $ 201.9 billion market cap.

Musk has broken the established modalities of the industry. He insisted on selling cars online. He assembled vehicles in the expensive city of California. Tesla became the second most valuable auto company in the world in January. Then it overtook Volkswagen AG of Germany.

Tesla produced 1,03,000 vehicles in the first quarter of this year, which was just 4 percent compared to Toyota's 2.4 million vehicles. Toyota has built its vehicles on the foundation of economical and trust and its large number .

Tesla designed gas-electric hybrid vehicles, while Toyota lagged behind in moving towards electric vehicles. Its greater emphasis was on the cells of vehicles with hydrogen fuel. The company is now investing one after another in electric vehicles and self-driving cars. The company believes that this year its profit could decrease by 80 percent. It may take up to the first half of next year to return to the level before the corona. Toyota also has 14.3 per cent treasury shares in valuation, valued at $ 30 billion. Tesla has no such shares

1 comment: