With the market value alone, Tesla puts German vehicle manufacturers in the shade. Nevertheless, founder Elon Musk does not consider himself unassailable.
Stuttgart – Even before Daimler AG * decided to fully rely on the electric car in the future, US pioneer Tesla was a serious competitor. In the meantime, the vehicle manufacturer from Stuttgart * can only dream of market values such as those achieved by Tesla.
As the Handelsblatt reports, Tesla is currently worth three times as much as Daimler, BMW and VW. Overall, the market value is now over a trillion dollars, the Tesla share has jumped $ 1,000. A major order from the car rental company Hertz is largely responsible for the short-term, big leap. Nevertheless, a Twitter user has already buried the German auto industry as a result. Elon Musk himself, however, did not want to leave it as it is.
Tesla soaring: Elon Musk does not write off German automakers
The user on Twitter refers in her judgment to a report by Sat.1. The broadcaster comments on the major order from Hertz with the words “this is the end of an era for German carmakers”. After all, the car rental company has ordered 100,000 vehicles from Tesla, as the Handelsblatt writes. Elon Musk apparently sees it very differently and is more sober about the current record market value of Tesla. “German automakers will recover strongly. You have great talent that will not sit idle. “
German car manufacturers will rebound strongly. They possess great talent, which will not sit idle.
— Elon Musk (@elonmusk) October 26, 2021
Elon Musk seems to be aware that he cannot simply write off Daimler, BMW and VW. Musk also knows from his own experience of the strength of the German auto industry. Elon Musk sources a lot of technology from Germany for Tesla (BW24 * reported). On paper, however, Tesla’s good run cannot be denied. In the past quarter, the electric car pioneer earned more than ever before in a quarter. During this time, profits rose by a staggering 389 percent year-on-year to $ 1.6 billion. The turnover of 13.8 billion dollars is also impressive.
Tesla is on a roll: Elon Musk’s company leaves competition behind
Tesla had recently even outpaced the competition in Europe. In September, the US company sold 24,591 copies of the Model 3, making it the best-selling car model in Europe. Only after that come European brands with the Reunault Clio, Dacia Sandero and the VW Golf.
The words of praise from Elon Musk in the direction of the competition from Daimler, BMW and VW cannot be taken for granted. The eccentric is known to like to poke at others. For example, Tesla boss Elon Musk last shot against automotive supplier Bosch *. Musk added an addition to his praising tweet about the German corporations – alluding to Tesla’s Gigafactory, which is being built in Grünheide. “In addition, Tesla will soon be a German automaker,” said Musk. * BW24 is an offer from IPPEN.MEDIA.
