Tesla posted fourth-quarter revenue above analyst estimates on Wednesday as the electric carmaker beat Wall Street estimates for vehicle deliveries. Revenue rose to $7.38 billion (€6.7 billion) from $7.23 billion (€6.5 billion) a year earlier. Analysts had expected revenue of $7.02 billion (€6.3 billion). During the rally, its value had leapfrogged more established global rivals such Honda, BMW, General Motors and Daimler. Toyota still holds pole position with a market cap of $233 billion (€211 billion).

Source: The Irish Times January 29, 2020 21:56 UTC