Tesla's market capitalization far exceeds that of the 4 largest mining companies in the world



A change of energy paradigm is underway, and Tesla is the protagonist, as in early July 2020, the market value of Tesla Inc. surpassed that of ExxonMobil Corp.

In a sign that investors are increasingly betting on a global energy transition away from fossil fuels. See the comparative chart of the capitalizations of these two companies:



Although today, Thursday, September 3, 2020, Tesla set back by 9% the business model implemented by Elon Musk, in less than 10 years it exceeded by 30% the market capitalization of the largest mining companies in the world, and it's aggregate 100 years of operation.

Another curious fact to highlight is that Tesla's market capitalization for September/2020 is 1.36 times greater than the combined sum of the two largest copper and gold mining companies in the world, see table:


The mining companies have lagged as a result of the expectations of revenue growth that investors have assigned to the mining industry. For that reason, such expansion depends on the evolution of raw material prices, unlike Tesla, which has the freedom to set the sales prices of its electric vehicles and can continue to expand market share.

Although today, Thursday, September 3, 2020, Tesla set back by 9% the business model implemented by Elon Musk, in less than 10 years it exceeded by 30% the market capitalization of the largest mining companies in the world, and it's aggregate 100 years of operation.
Ubicación: Perú

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