Latest News

We may need to start thinking about Tesla at $3 trillion: Morning Brief

0

Reuters

Tesla EV sales boom in Singapore, pushing rivals’ models off the streets

In wealthy Singapore, where new vehicle registration is tightly controlled to manage the city state’s traffic and pollution, Tesla Inc is having a moment: surging sales are gobbling up rivals’ market share. The buying frenzy in one of the world’s most expensive places to own a vehicle – Tesla’s most basic Model 3 costs nearly S$200,000 ($148,300) in Singapore, largely due to an ownership levy, compared with less than $40,000 in the United States – underscores the U.S. firm’s ascent in the global auto industry. This week, Tesla surpassed $1 trillion in market value, overshadowing the combined value of five of its biggest rivals, Toyota Motor Corp, Volkswagen AG, Daimler AG, Ford Motor Co and General Motors.

JPMorgan and UBS explain why now is the time to buy auto stocks

Previous article

GOP Senator Toomey debuts bill to protect broker revenues, payment for order flow

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News