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Tesla now worth more than FORD

Tesla now worth more than Ford




Tesla is now worth more than Ford on the stock market.  Tesla shares were up 7% at the end of trading (3 April 2017), valuing Tesla at $49 billion.
Ford is valued at $46 billion.
Tesla’s value has risen with news that it delivered more than 25,000 cars in the first quarter, a 70% rise on the same quarter last year. However, Ford sold 6.7 million cars and other vehicles last year, compared to 75,000 vehicles for Tesla. The difference in size and value is intriguing.
Excited investors
According to Ben Kallo, a technology analyst at Robert W. Baird, Tesla is able to attract talented staff and investors. "Five years ago no one knew what a Tesla was. Now people want a Tesla. It has usurped BMW as an aspirational car," he said.
Ellon Musk, the founder of Tesla, hopes the company can cut the cost of batteries by up to 30%.  His company is building a giant new plant in Nevada, costing $5 billion dollars. The company is also planning to sell a cheaper car in the US, the Model 3, aimed at the mass market.

http://www.bbc.co.uk/news/business-39485200
http://www.cbc.ca/news/business/tesla-gm-ford-1.4054630


Questions
 
Which company is bigger, Tesla or Ford?
How can you measure the value of a company?
According to the article, why are Tesla shares so high?




Vocabulary
 
 to usurp – to take someone’s place
 intriguing – very interesting
 to value (something) – to decide what something is worth / should cost
 the mass market – available to everyone (not too expensive)
aspirational – something people want to own or enjoy

Can you use these words in sentences to describe your business, or your competitors?

Picture

Structure

Tesla shares were up 7% at the end of trading (3 April 2017), valuing Tesla at $49 billion.
… the Model 3, aimed at the mass market.
Why do the marked words use the ‘ing’ and ‘ed’ endings?
These are participle clauses and they are used to describe something or add more detail.
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  • Home
  • News stories
    • Automotive >
      • Classic Electric Cars
      • 1,400 UK automotive jobs at risk
      • Honda and GM team up for driverless technology
      • New UK high for electric vehicle sales
      • Toyota invests in Uber
      • BP buys UK’s biggest EV charging company
      • Daimler ordered to recall cars with ‘defeat devices’
      • Volvo moving away from petrol and diesel fuels
      • Tesla bigger than Ford
      • PSA buys Vauxhall
      • Volkswagen
      • BMW committed to Mexican plant
      • Record car exports
    • Aviation >
      • Is ‘flygskam’, flight-shame, becoming a reality?
      • EasyJet confident for year ahead despite Brexit
      • Lufthansa and Air France face further disruption
      • EasyJet buys Air Berlin assets
      • Monarch airlines go bust
      • UK skies too crowded
      • BA staff put strike on hold
      • Ryanair profits
    • Economics >
      • Election 2019
      • Pound in trouble, or good news for exporters? Pre-intermediate
      • Pound in trouble, or good news for exporters?
      • Brexit – current developments
      • Overeducation and underemployment
      • Climate change – protests on the street and in the boardroom
      • World economy – a delicate moment
      • UK economy grew in January
      • Eurozone growth flat
      • UK house prices – winners and losers
      • Today is Fat Cat Friday
      • Brexit – the clock is ticking
      • Chinese company targeted over US national security fears
      • ‘No-deal’ Brexit guidelines issued
      • Executive pay reaches new heights
      • Lord Mayor revises Brexit impact
      • A week of Brexit and football – but mostly Brexit
      • Big companies speak out on Brexit
      • China warns of retaliation in trade war
      • Airbus ruling raises temperature on trade
      • 40% interest rates in Argentina
      • Budget retailers buck the market trend
      • First salvos in a trade war or just a storm in a teacup?
      • Brexit brings lower prices – perhaps
      • EEF joins criticism of apprenticeship levy
      • Eurozone growth highest for a decade
      • America First policy angers Asia
      • Tax on plastic waste considered
      • Non-food retail sales down
      • Low wages and growing inequality in the UK
      • Market News 16 October 2017
      • A third of ethnic minority workers affected by racism
      • British firms respond to leaked Brexit papers
      • Texas governor warns of $180bn bill
      • Brexit must prioritise business issues
      • UK and US discuss post-Brexit trade
      • Eurozone manufacturing up, UK output down
      • UK election puts pressure on the pound
      • Trump leaves Paris accord – American business stays in
      • Greek debt negotitaions
      • No more 'sickies'
      • Higher food prices
      • UK growth won't continue
      • 2.7% growth
    • Features >
      • Rocket Post
      • Edinburgh International Festival 2019
      • Enjoying the western Highlands
      • BASICS - welcome to my office
      • Walking in Autumn
      • Spinalonga, Crete
      • Jaguar Classic celebrate Le Mans
    • Finance >
      • World stock markets follow Wall Street’s lead
      • Hot summer creates winners and losers
      • Cash is no longer king in the UK
      • High street losses continue
      • Share markets down on interest rate rise hopes
      • Carillion in liquidation
      • Bitcoin trading on Chicago’s CBOE stock exchange
      • HSBC profits up 5%
      • No interest on UK credit cards
    • Food and Agriculture >
      • Scotch Beef back on sale in Japan
    • Legal >
      • A curb on gagging orders
      • MEPs reject new copyright laws
      • Apple fined for misleading Australian customers
      • New fines for nuisance phone calls
      • Facebook in court over German privacy laws
      • British travellers faking illness
      • More British customers affected by Equifax data breach
      • Airbnb paid £188,000 in UK tax
      • Toys 'R' Us seeks bankruptcy protection in the US
      • Samsung heir jailed for corruption
      • BNP Paribas fined $246m in foreign exchange currency scandal
      • Google found not liable for French back taxes
      • Siemens and Russia in dispute over Crimean turbines
      • Holiday fraud on the rise
      • Drivers still using mobile phones
      • BT hit with record fines
    • Tech >
      • Big brother or friendly adviser? Volvo to introduce in-car driver monitoring
      • AI will create winners and losers
      • Worldwide web’s founder wants it to work for everyone
      • 2017 – a record year for clean electricity
      • RGU launches world-first decommissioning simulator
      • Google and HTC agree a billion-dollar deal
      • Offshore wind farm subsidies at new low
      • Company directors 'lack cyber-attack training'
      • Unicef works with Malawi to test drones
      • Ransomware attacks continue
      • Apps boost spending but lessen control
  • Grammar
    • First conditional
    • Future forms
    • Modal verbs
    • Passive
    • Past perfect
    • Past simple and present perfect
    • Present simple and present continuous
    • Punctuation - Grammar
    • Reported speech
    • Second conditional
  • Online tuition
  • How to use this site
  • Contact
  • Business English Blog
  • Learning online
    • Why online?
    • How does it work?
  • New Page