Elon Musk’s TSLA is in the sweet spot for Global EV domination. EV sales account for only 2% of global and US auto sales but this is expected to skyrocket in the next years to 2030.
As of today TSLA Market Cap equals that of all other auto makers combined. This may be meaningful given the product superiority TSLA has, strides in autonomous driving capability and research and the fact that TSLA is not just a car company but also an Energy, Battery, AI and Software & Services company.
Comparing valuations:
Tesla $808 billion
GM
Ford
Toyota
Ferrari $807 billion
BMW (combined)
Honda
Daimler
Hyundai
Mazda
Subaru
Volkswagen
