Feb 28, 2017 10:46 AM EST
Electric automaker, Tesla, has increased its value to 30 percent after it reported its full-year earnings on Wednesday which was worth $44.6 billion ahead of trading, a mere 12 percent behind Ford at its current valuation which was $49.9 billion.
About a year ago, Ford was worth twice as much as Tesla.
Ford, considered one of the world's iconic automakers founded by Henry Ford, evaded bankruptcy in 2009, which most of the automakers failed to avoid in that same year such as General Motors and Chrysler.
Tesla, on the other hand, is led by Elon Musk and is now the top electric carmaker although still comparatively smaller than major automakers. It sold 76,000 cars last year as opposed to Ford's 6.7 million cars. Tesla is expected to account $7 billion full-year revenue than Ford's $152 billion annual revenue. Meanwhile, in regards to profit, Ford reported $4.6 billion annual gains while Tesla has never reported a full-year profit.
The numbers prove that Ford's reach is relatively far from Tesla but the latter is keeping up with the 114-year-old automaker. More so when investors are betting on the Tesla's future projects such as the sale of the Model 3. The first mass market car is due to be sold late this year and Tesla has already taken preorders amounting to 300,000. The list price of the Model 3 is about $35,000.
Ford is also planning on developing a mass market car on their own. The company announced plans to invest $4.5 billion in building electrified vehicles by 2020 as it tries to catch up with its rivals. General Motors has the Chevrolet Bolt as its mass market car. Ford CEO Mark Fields notes about the future of automatic cars and predicts that hybrid and electric vehicles will sell faster than gasoline-powered cars in the next 15 years.
And the world of NFTs expands far beyond art and collectibles. A new era of tokenized digital assets is being created using the blockchain. Here are seven unique NFT use cases that the interested investor should know.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.