Tag Archives: value

MNA Business Desk: Tesla has displaced Volkswagen as the world’s second most valuable carmaker, after a dramatic rise in share price pushed its market value to more than $100 billion (£76.1b). The milestone sets the stage for chief Elon Musk to collect billions in pay tied to hitting that target. Tesla’s share price has more than doubled since October, when the firm reported a rare quarterly profit. Shares rose 4 per cent on Wednesday, making its valuation second only to Toyota. Although Mr Musk’s company has some way to go to catch up with the Japanese car making giant. Toyota ...

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