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Tesla was valued more highly than Ford on yesterday's US stock markets

Something big happened on the US stock markets yesterday; loss making, cash burning, dream dealing Tesla was valued more highly than profit making, cash generative Ford.

To put this in perspective, the markets believe that a global car giant, selling almost 7 million cars annually, is worth less than a niche upstart which sold barely one percent of Ford’s sales last year.  

Ford is lagging peers such as GM in the EV market and investors are betting on the demise of the internal combustion engine which Ford brought to mass production.

Tesla was valued more highly than Ford on yesterday's US stock markets

The FT reports on this seismic shift in the auto sector here.

More importantly, you can find out how to get your business ready for a mass move to electric motoring here


Covid-19 - Mypower is continuing to operate in line with government advice...

We are taking the advice on social distance and operating with the team working from home.

We can provide an initial desktop survey (no in-person meetings required) and a budgetary estimate that is typically within 5% of the final price.

This budget estimate will demonstrate the value that solar PV can bring your business now and for the long term.

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We wish all of our customers well during these extremely challenging times.