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Tesla becomes world's richest auto group after Detroit giants suffered sales drop

Shortpedia

Content Team

Giving enormous joy to billionaire Elon Musk, Tesla emerged as world's richest auto group after Detroit's old guard, General Motors and Fiat Chrysler, reported sagging auto sales amid coronavirus pandemic. Major companies suffered losses due to the pandemic. Tesla too witnessed ups and down but shares have risen steadily since late 2019 making it most valuable and richest auto group, under Elon's supervision.