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Here’s How Much Elon Musk’s Tesla Has Added To Its Market Cap In Recent Months

Elon Musk led Tesla added approximately $48 billion to its Market cap in just 7 months as its Shares climbed 150 per cent.

Here’s How Much Elon Musk’s Tesla Has Added To Its Market Cap In Recent Months  Here’s How Much Elon Musk’s Tesla Has Added To Its Market Cap In Recent Months 3
Here’s How Much Elon Musk’s Tesla Has Added To Its Market Cap In Recent Months

Elon Musk led automotive and energy company Tesla on 3rd January crossed $80 billion in market value.

The electric car manufacturer added approximately $48 billion to its Market Cap in just 7 months as its shares climbed 150 per cent.

With this achievement, the Tesla is now worth $28 billion more than General Motors and more than twice of Ford.

After a decade in the market, Tesla ranked as the world’s Best-selling plug-in passenger car manufacturer in 2018, both as a brand and by automotive group, with 245,240 units delivered and a market share of 12% of the plug-in segment sales.

The sales of Tesla vehicle in the United States surged by 280% from 48,000 in 2017 to 182,400 in 2018, and globally were up by 138% from 2017.

As of October 2018, Tesla’s sales represented about 20% of the all-electric cars on the world’s roads, according to Navigant Research.

In 2017, the company had a US$52 million Marketing Budget and used a referral program as well as word of mouth to attract buyers.