Tesla’s stock (TSLA) is surging since announcing record profits and the company is now worth more than BMW as the stock of the latter is slipping following disappointing financial results.The California-based electric automaker’s market cap is now worth over $59 billion while BMW’s slipped below 49 billion euros ($55 billion) yesterday after it announced lower than anticipated profit for the last quarter.
While it’s hard to directly compare Tesla to other automakers because the company is more than an automaker due to its growing energy division, most of its revenue currently comes from its automotive business.
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