January 14, 2021

Raw Data: The Auto Industry Doubled In Value Last Year

I found myself intrigued this morning by this chart from the Wall Street Journal:

Tesla’s wild ride in 2020 basically doubled the market valuation of the entire auto industry, which went from about $800 billion to $1.6 trillion. No matter what you think of Tesla, this is rather extraordinary, no?

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And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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