Tesla’s founder Elon Musk Tesla has become the world’s most valuable carmaker, overtaking Japan’s Toyota, after its stock hit a record high. Shares in the electric carmaker touched $1,134 on Wednesday morning before falling back, leaving it with a market value of $209.47bn (£165bn). That is roughly $4bn more than Toyota’s current stock market value. However, Toyota sold around 30 times more cars last year and its revenues were more than 10 times higher. Shares in Tesla have surged since the start of 2020 as investors have begun to feel more confident about the future of electric vehicles. How Elon Musk aims to revolutionise battery technology That is despite its founder Elon Musk having wiped $14bn off Tesla’s value in May after tweeting that its share price was too high. After years of losses, the Californian firm has also delivered three profitable quarters in a row and maintained that momentum during the first three months of 2020 despite the coronavirus outbreak. Toyota, however, remains a far larger business in terms of sales. The Japanese company sold 10.46 million vehicles in the year to March and posted revenues of 30.2 trillion yen ($281.20bn). Tesla ended 2019 with sales of just […]
Latest Articles
United Airlines Will Invest in Carbon Capture En Route to Net Zero Emissions
United Airlines Boeing 737 takes off from Los Angeles international Airport on November 11, 2020 in Los Angeles, California. AaronP / Bauer-Griffin /...
6 Eco-Friendly Kitchen Hacks You Need to Try Today
The average American kitchen is incredibly inefficient and not eco-friendly. From water-guzzling appliances to immense amounts of food waste, we all need to...
The Surprising Environmental Benefits of Using an Organic Mattress
There are a lot of things that you need to keep in mind when you are trying to live a green lifestyle ....
The secret power of old growth
More than ever, as the Forest Service seeks to undo logging restrictions, we need to embrace the crucial way old-growth forests keep the...
From Store to Door with Minimal Impact: How Companies Are Eco-Friendly Innovators
Even without the pandemic turning the world on its head in 2020, fast courier services are quickly becoming popular for a generation that...
A Reuse Renaissance Continues to Reshape Mexico City
A balcony at Círculo Mexicano Courtesy Gabriel Monroy The practice of converting aging buildings for different, more timely functions isn’t new in Mexico...