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Tesla’s Model Y was the fastest-selling used car in America in June 2022. That’s per a StockApps.com analysis of twenty of the fastest selling used cars in America. The site presented data indicating that the vehicle took an average of 24.9 days to sell. Model Y’s selling time was less than half the 52.1 days …

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Bitcoin was doing quite well as it surged to new heights over the past two years. Several firms led by digital asset enthusiasts were happy to add the highly volatile cryptocurrency to their balance sheets. However, BTC has disappointed many people as its price has seen a nearly 70% drop in value since its All-Time …

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Tesla is a household name in the electric vehicle (EV) space. Some estimates give it a dominance of up to 79% in the global EV market. But it has a lot of catching up to do when it comes to the entire automobile market. That’s a challenge that the firm seems to be warming up …

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Automobile manufacturer Lucid’s Air Dream R AWD currently has the longest range among electric vehicles (EVs). According to a StockApps.com analysis, the model has a range of 520 miles (about 832 km). That beats Tesla’s longest-range model by over 100 miles.  Again the Air Dream R AWD beats Tesla’s Model S in energy efficiency terms. …

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Tesla is the 2nd fastest American company to hit the $1T market cap. StockApps.com has presented data showing that the firm took 11 years to reach the $1T valuation. Only Facebook has achieved the milestone in a shorter time. The social media giant took only 9 years to get there. “Tesla’s rise to the top …

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Tesla may be the only carmaker globally that can claim they don’t advertise. The EV manufacturer has never spent a cent on marketing—and they’re not about to start now. But that doesn’t mean they aren’t investing in ensuring their cars are the best out there.  In fact, Tesla spends more on research and development(R&D) than …

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Tesla PE ratio-StockApps.com

Using a stock’s price-to-earnings (P/E) ratio is one of the quickest ways to learn whether a company is overvalued or undervalued. If a company’s stock is undervalued, it may be a good investment based on the current price. If it is overvalued, then investor should consider whether the company’s growth prospects justify the stock price. …

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Tesla has achieved meteoric growth in market value and stock price in 2020. Over the 12-month period, its market cap increased by over $500 billion year-to-date (YTD). As a result, it rose higher than the cumulative market cap of the top eight automakers globally. These include Nissan, Toyota, Hyundai, Ford, GM, Peugeot, Honda and Fiat …

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Despite the uncertainty caused by COVID-19 Tesla posted impressive numbers regarding their free cash flow for 2020. According to data presented by Stock Apps, Tesla’s free cash flow increased by 276% compared to the same period in 2019. Tesla’s Q3 free cash flow also experienced an almost $1 billion increase from Q2 2020. Free Cash …

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Tesla market cap-StockApps.com

The coronavirus outbreak has affected many industries, but the automotive industry is among the hardest hit. After carmakers stopped production and dealerships closed showrooms amid COVID-19 lockdown, global car sales slumped worse than ever before. However, the luxury car market was generally less affected by the financial downturn caused by the coronavirus pandemic. According to …

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