The Tesla share price has lost around eight percent of its value since the beginning of 2024. Nevertheless, the American electric car manufacturer currently has a market capitalization of around $725 billion. This is the equivalent of almost 650 billion euros. For comparison: The three German automobile companies and figureheads of the German economy, Mercedes-Benz, Volkswagen and BMW, together only generate around 144 billion euros. This means that market participants must see Tesla as something that goes far beyond the work of an automobile company. Upside down world?
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