Tesla Inc shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the ...
REUTERS: Tesla Inc shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric carmaker and its traditional auto industry rivals.
While other carmakers are forced to invest billions to overhaul their internal combustion engine operations to produce battery-powered cars, investors are confident that Tesla can make the shift from a niche carmaker into a global leader in cleaner cars. Tesla produces only a fraction of the vehicles sold by established global carmakers, many of which are considered growth engines for their local economies.Japan's Toyota and Germany's Volkswagen AG sold 10.46 million and 11 million vehicles, respectively, during the 2019 financial year. That compares to the 367,200 vehicles Tesla delivered in 2019.
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