Tesla $1 trillion market shows future is only electrical vehicles

The ever-increasing prices of petrol and diesel have forced the world to think about alternative fuels. Many countries including India are rapidly shifting towards Electric Vehicles (EV)

Landing its biggest ever order from hertz, Tesla has surpassed one trillion dollars in market value. The deal with rental car company hertz reinforced electric car leaders’ ambitions to top the entire auto industry in sales over the next ticket.
Tesla shares on this news surged as much as 14.9 percent to 1045$, making it the world's most valuable automaker, beating around nine other big automakers together in market value.

Tesla is the first car maker to join a lead group of trillion-dollar companies that includes apple Amazon, Microsoft and Alphabet.

Most automakers do not boast about sales to rental car companies often made at discounts to unload slow-selling models but for Tesla and its investors hurts decision to order 100000 Tesla cars by end of next year showed electric vehicles are no longer a niche product but will dominate the mass car market in near future.

Tesla Elon Musk has set an annual sales growth target of 50 percent, on average eventually reaching 20 million vehicles every year. It would be more than twice the volume of current sales leaders Volkswagen and

Consumer demand for Electrical vehicles is turning a corner in some major markets Tesla model was the best selling model of any kind in Europe last month

About The Author

Ashwin Roy is an Indian fact-checker and news writer, writing news for Ayupp since 2014.

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