Model Y Roars and Valuation Skyrockets

In March 2020, Tesla unleashed its powerful Model Y SUV, the fifth addition to its electrifying lineup. But that was just the beginning of the electrifying ride. Hold onto your hats because Tesla’s market valuation soared to an electrifying $1K per share! The stock price closed at $870.02 on March 9, 2020, up 13.3% from the previous day.

Talk about a shockwave! With a staggering valuation of $180 billion, Tesla zoomed past industry giants Toyota, BMW, Daimler, and Volkswagen—combined! The electric revolution had arrived, leaving competitors in the rearview mirror as Tesla accelerated toward an electrifying future!

Next: Finally, profitability!