In 2019, Tesla was predicted to go bankrupt. Market analysts and doomsayers were convinced that Elon Musk was going to tank the company and ensure the electric car specialists would run out of battery. But barely six months later, it has been named most valuable US car maker ever.
The share price currently stands at a whopping $86.5 billion. This figure crushes Ford’s previous record of $76.1 billion and shows that investors are keen to back the eco-friendly vehicles right now.
But how did it make such a swift three-point-turn?