Tesla closes above $2,000 for the first time, now worth more than Walmart. Stock went from $220 to over $2,000 in just one year
Tesla stock is on a tear. For the first time in the history of the electric car company, Tesla closes above the $2,000 mark. The world’s most valuable automotive company is now valued at $373.06 billion as of today’s market close. Just a year ago on August 21, 2019, Tesla was just $220 mark. Today, the stock closed at $2,001.83, an increase of $1,7801.83 in just 12 months.
In early July, we wrote about Tesla after the electric car maker overtook Toyota to become the world’s most valuable automaker. Today, Tesla is now worth more than Walmart, the largest retailer in the US. Just two weeks ago, Tesla was at $271 billion in valuation. Today, it is now sitting at $373 billion making Tesla about twice the value of all major US carmakers and airlines combined.
Tesla is now worth more than GM, Ford, Ferrari, BMW, Nissan, Mazda, Aston Martin, and Fiat Chrysler, which have combined worth of $206 billion. Tesla hit a new all-time high of $1,902, giving the electric company a valuation of roughly $373 billion.
On August 12, 2020, Tesla announced a 5-for-1 stock split, which will take effect on August 31, 2020. In 2019, Tesla delivered 367,500 cars, 50 percent more than in 2018, and more than triple the number sold in 2017. At the end of 2019, Tesla’s global sales since 2012 totaled over 891,000 units.
According to Navigant Research, Tesla’s sales represented about 20% of the all-electric cars on the world’s roads as of October 2018. By November 2018, Tesla vehicles had traveled 10 billion miles, not bad for an automaker that was founded less than two decades ago.