The electric vehicle maker Tesla and its charismatic CEO Elon Musk have shifted the 100-year diesel-fuelled traditional global auto industry towards electrification.
Tesla has become the world’s largest automaker with market capitalization of $800 billion, after its shares skyrocketed by 800% in 2020, making its founder and CEO Elon Musk the world’s richest man in 2021.
Electric Vehicle penetration of total passenger car sales measured less than 5% in 2020, are expected to rise at 20% in 2025 and more than 50% by 2040, as many countries would ban or limit the sale of all fossil fuel-burning vehicles until then.
Read our Head of Investment Research Vrasidas Neofytou detailed analysis on the hot topic in "Economy Today" magazines February's issue*.
*Article available in Greek (page 8-13).
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