Tesla just added $50 billion to its market value
Now that's some serious cash!
Tesla proved everyone wrong when they released their stats for the first quarter of 2021 when it reported more new vehicle deliveries than predicted.
It showed that over 184,000 electric cars, mainly Tesla Model 3 and Model Ys reached customers in the first three months of the year, surpassing the 178,000-unit prediction. So not only is Tesla still embracing its status as being the world's most valuable automaker, but now it has just increased its market value by $50 billion.
Reuters reports Tesla stock jumped by almost 8 percent in pre-market trading this Monday. It's now on track to hit its highest price in over a month. At the time of writing, Tesla is worth a staggering $691 billion.
This is mighty impressive and means Tesla will be leading the space for a while yet, but bigger and more established car brands are making their stand in the EV space and aren't afraid to attack.