Elon Musk reveals Tesla’s savior

Tesla has become the global reference in the field of electric cars.

The company and its bizarrely prescient CEO Elon Musk have become icons of low carbon dioxide emissions from the automotive sector.

The automaker currently produces more than 1.37 million electric vehicles annually, digging a huge hole with its competitors. It is profitable with margins that make its competitors pale with envy.

Its market capitalization reached $1 trillion in 2021 before collapsing to roughly $390 billion today. No other car group comes close. Toyota (TM) – Get a free reportthe world’s largest car group in terms of production volumes, has a market capitalization of $191 billion, while Volkswagen (VWAGY) – Get a free report Its market capitalization is about $83 billion. stronghold (F) – Get a free report and General Motors (GM) – Get a free report They have a market capitalization of $51 billion and $52 billion, respectively.

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