Tesla reported a 5% increase in their valuation this Wednesday, bringing them to a total valuation of $89 billion. Not only is this an impressive increase in value on its own, but it has also solidified the title of the highest-ever valued automaker.
The previous holder of this title was Ford; they met this achievement in 1999 when they hit an $80.8 billion valuation.
Tesla’s current value of $89 billion is larger than the amount that Ford and GM reported Wednesday combined, $37 billion and $50 billion, respectively.
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Hannah Michelle Lambert is the Digital Marketer at Worthix where she leads all things social, conversion, and nurture. She cut her teeth at the intersection of Customer Experience and SaaS technology and is passionate about innovative, customer-centric marketing strategies. She is a graduate of the University of Michigan and current resident of Atlanta.