Name: How Tesla Became the Most Valuable Auto Maker in the World | WSJ
Uploaded: 2021-06-06T08:12:28.000Z
Duration: 7 min 31 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

- I don't think any other stock has captivated investors

on Wall Street or Main Street the way Tesla has.

It's just become one of the most controversial names

and one of the most watched names out there.

This summer, Tesla became the most valuable auto company

surpassing Toyota and claiming a market cap

of nearly $183 billion before continuing its climb.

- The electric vehicle maker's stock speeding this year.

For example, Toyota sold almost 25 times as many

Instead, the rally has been driven by investor enthusiasm

cars everywhere will be powered by batteries,

Here's how Tesla became the most valuable auto maker

Tesla developed its first car in the early 2000s.

But to follow its ballooning share price,

In October 2019, Tesla reported a surprise profit

Tesla shares were hovering near a three year low.

that he was going to take Tesla private at $420 a share.

And that landed him in the cross hairs of regulators.

He also kind of had a history of missing financial targets

So that's why this surprise earning spree

in mid-November Musk held an event in Los Angeles

What he did was he unveiled this pickup truck

that looked unlike any other pickup truck

and he boasted that it was really, really durable.

threw a metal ball at the window to show its strength

- I should say also, we're going to be offering rides

- The next day, shares fell more than six percent,

The reason that 420 mark is kind of a milestone

is that, you know, that was kind of the tweet

that landed Musk in the cross hairs of regulators.

The shares crossing 420 later in the year,

In the following weeks, Tesla had a string of wins.

The company said it met its delivery goal

And less than a year after breaking ground

the car maker met its objective for Model 3 production

and held a press conference to celebrate deliveries

of China-made Model 3s to Chinese customers.

Many people viewed China as the world's biggest market

so in order for Tesla to make this journey

from a small start-up to a global behemoth

Polish investors say that it needs to target that market.

So this boosted expectations for the coming year.

The investor momentum continued when on January 29,

Tesla posted a profit for the second quarter in a row.

the Model Y compact sport utility vehicle.

And it told investors the business should be profitable

So this was around the time that Tesla shares

and you saw Wall Street investors, Main Street investors,

kind of all piling into Tesla shares, Tesla options,

and it just kind of became this huge frenzy

But not everyone was betting for the car company.

The fascinating thing about Tesla is that

despite its meteoric rise in the stock market this year,

it remains one of the most popular shorts,

so that means it's a really popular bet for investors

Subtitles ListPlay Video

How Tesla Became the Most Valuable Auto Maker in the World | WSJ

immune

audience

enthusiasm

surge