Will JD.com Be Worth More Than Tesla by 2032?
Since the market bottom during the onslaught of the pandemic, Tesla (NASDAQ: TSLA) has returned over 1,400% for investors, a return only a few meme stocks can rival. Its meteoric rise helped the electric vehicle maker break through the trillion-dollar valuation, and it's now worth more than the next 30 or so auto manufacturers combined! That includes the likes of Ford, GM, and Toyota, as well as EV upstarts such as NIO, Xpeng, and Rivian.
To put that in perspective, Tesla has delivered over 628,000 EVs through the first three quarters of 2021, and if it should sell another 270,000 or so, it will have delivered 900,000 vehicles this year, a phenomenal growth record for the EV industry leader.
Image source: Tesla.
Source Fool.com
