Why is Tesla's market value so crazy that it can surpass three Toyota and break $600 billion?

In this era, many companies have developed rapidly and their market value has soared, surpassing the companies led by CEO before, so some very famous companies have emerged, such as Amazon, Apple, and some newly developed companies, such as Tesla, involving new fields. About Tesla is a company involved in the production of new energy vehicles, but this company has been very popular recently. One of the reasons is that the demand rate of new energy vehicles is getting higher and higher, which makes Tesla's market value grow rapidly. Why can Tesla's market value exceed three Toyota's and reach $600 billion? There are several reasons.

First, a new technology of Tesla. First of all, the new technology adopted by Tesla is electricity, not the internal combustion engine of our traditional car. The motor uses electricity to drive the car. Compared with oil, electricity is cheaper, less polluting to the surrounding environment, or no noise and other problems. In this respect, new energy vehicles are completely ahead of traditional vehicles. Not to mention Tesla, as the leader of new energy vehicles, the cars they produce are far better than the batteries produced by other companies, with strong endurance and lasting time.

Second, people's awareness of environmental protection. In addition, people's awareness of environmental protection is constantly improving. Everyone who buys new energy vehicles must also believe that the importance of the earth is very important to us human beings, so using new energy vehicles is to make their own contribution to environmental protection.

Third, the state is supporting the development of new energy vehicles. Finally, China, for example, is vigorously supporting the development of new energy vehicles. Buying new energy vehicles will, to a certain extent, reduce the automobile purchase tax of new energy vehicles and reduce the licensing fees. Enterprises of new energy vehicles can also get many interest-free loans from the state in their development. Finally, the rapid development of Tesla is largely due to the investment and construction of factories in Shanghai.