TESLA

The company of Elon Musk is worth more than BMW

After good results in the third quarter of 2018, when it announced a record production and finally structural profits, Tesla saw the demand for its shares grow, which raised its market value to 59 billion dollars, about 52 billion. Meanwhile, BMW announced a 8.7% drop in profits in the third quarter of the year, a performance that displeased shareholders and led to a fall in share prices, putting the value of the builder on the stock exchange at 49 billion euros. That is, almost 3 billion euros below Tesla.This "advantage" of the American electric vehicle manufacturer over its German rival, which, above all, reflects the confidence of investors, is no less surprising. That's because if BMW manufactures about 2 million vehicles a year, Tesla has now entered a pace close to 360,000 units / year, although the average continues to rise monthly as Model 3 production increases.The German brand is in full replacement of the Series 3, one of its most important models, which explains part of the problems, and the calls to the workshops where it was involved so little helped the company's results. But what definitely cut the profit margins was the strong investment that BMW is making in electric mobility, in vehicles and in batteries, although it continues to rely on only a single 100% electric model, the i3.


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