Boeing now joins a growing list of companies that have been dwarfed by the Elon Musk-led...

Boeing now joins a growing list of companies that have been dwarfed by the Elon Musk-led automaker. From October 2019 through its all-time high on February 19, Tesla shares gained about 260% in an epic rally spurred by solid vehicle delivery numbers, optimism over its Shanghai factory, and strong earnings. Tesla is the highest-valued automaker in the US, and second in the world to Toyota, which has a market capitalization of about $205 billion Wednesday.

In your opinion is this increase in valuation valid? why or why not? Is it sustainable? Please provide a 2 paragraph response.

Expert Solution

Tesla operates in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability.

As shown above, this company is working in the energy sector, which has a significant basis for the future and the company is very much trying to make new innovations in that area.

This company also manufactures vehicles related to clean energy, which are proving useful for the environment as well. And now the demand for these products is increasing all over the world including USA. And by looking at the way in which the results of the last quarter of the company have come, it is clear that the company's progress is going to be very good in the coming years, along with efficient Director like Elon Musk, the company is able to increase its footprint in many other areas. Is spreading

The company has several orders waiting on its list, which is due to the global pandemic like Covid-19 of its production plant located in China, which is due to start soon.

And currently, according to which the company's results are reflected in the company's reputation, it will not be wrong to say that the company will move to a new level of success in the future.

ekkarill92 answered 1 year ago

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Boeing now joins a growing list of companies that have been dwarfed by the Elon Musk-led...

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