Tesla, the automotive and energy company spearheaded by one Elon Musk, recently surpassed Daimler, Mercendes-Benz’ parent company, in market capitalisation. When the market closed on Tuesday, 4 December, Tesla’s valuation crept slightly above that of Daimler, despite the latter being a more historically well-established automotive company.
Naysayers, meanwhile, will be quick to point out that Tesla, unlike its many of its industry rivals, is not just an automotive company; it’s also a veritable energy empire, with its burgeoning Powerwall, Powerpack and solar panels division.
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