But Tesla’s market capitalization is higher than the combined total of Toyota, Volkswagen, Daimler, GM, BMW, Honda, Ford, and Fiat-Chrysler. The zoo has gone nuts.
Global market share of 1%. But market cap = combined total of Toyota, Volkswagen, Daimler, GM, BMW, Honda, Ford. Raised $10 billion in three months by selling shares.
Tesla’s share of the EV market plunged to 8.7% year-to-date, from 18.4% last year. Competition is now huge and across the spectrum. Tesla faces the same situation globally.