Tesla beats world's top 7 car companies, experts warn

Tesla has become the most valuable, behind the world's top seven car companies. Tesla's market cap has reached 15 615 billion. However, experts warn that Tesla's stock is very high and could come down at any time. Tesla has now overtaken world-renowned Ford, Honda, BMW, GM, Daimler, Volkswagen and Toyota. The company joined the S&P 500 on Monday. One of its shares is worth 65 665 which makes it the most valuable in the stock index. Shares of Tesla closed at 69 695 on Friday. Tesla makes electronic cars and even though its cars sell less than these big companies, today its market cap is equal to the market cap of all these companies.

Experts warn

Financial experts have warned about the share price of Tesla. Some experts say that Tesla's stock is overvalued and will collapse in the future. Even so, the new strain of Covid-19 in the UK is currently causing concern around the world and its impact on stock markets around the world. Apple is also planning an electronic car. Tesla is a great company, its share price is high, said Vitaly Kalesnik of Research Affiliates. "We think Tesla's stock is overvalued," said JPMorgan analyst Ryan Brinkman.

Shares of Tesla have risen 800 percent in the last two years

Tesla's stock has risen 650 per cent in 2020, compared to 800 per cent in the last two years. Tesla's California factory reopened in May following a lockdown of the Corona virus, which led to a surge in its stock in 2020. The company also posted its fourth consecutive profit in July.

Apple could give Tesla a bump

Tesla makes electronics cars and now the world's technology giant Apple is also making electronics cars. The car is expected to hit the market by 2024. So Apple could be a strong competitor for Tesla. Apple is building its own vehicle, a media agency reported Monday. Apple is one of the world's largest trillion-dollar companies. The iPhone maker has dubbed the project Project Titan. At one point, however, Apple decided to drop its project and focus on its own software business. However, Doug Field, who is experienced at Apple and has worked at Tesla, showed interest in the project. Apple has been moving forward with this project ever since.

Musk made an offer to Apple to buy Tesla

Alan Musk said in a tweet that he once offered to buy Apple CEO Tim Cook at a much lower price than Tesla's networth. "I went to Tim Cook during the bad times of the Model-3 program and discussed whether Apple could buy Tesla," he tweeted. However, he denied it.