Jia Yueting: Congratulations to Tesla on record market capitalisation Automotive industry ushered in a turning point in change

On the afternoon of January 23, Tesla’s shareprice reached $569.56 per share and its market value was $102.6 billion, as of January 22 ET. So far, the first listed car company in the United States with a market capitalisation of more than $100 billion was born. Notably, that’s more than Ford Motor ($36.3 billion) and General Motors ($49.8 billion) combined.

Jia Yueting: Congratulations to Tesla on record market capitalisation Automotive industry ushered in a turning point in change

In response, Jia Yueting, founder of electric car brand Faraday Future, tweeted his congratulations to Tesla. Mr Jia said Tesla’s high market capitalisation was a good indication of the strong demand for electric cars and the turning point in the century-old auto industry. In the age of electric cars, Tesla proved itself to be a leader, but in the next generation of Internet-smart automotive industries, FF hopes to be the star of change with its powerful product and technical power.

Finally, Jia Yueting said that he would go all out to achieve the delivery of FF 91.

The following is the full text of Jia Yueting’s microblog:

Congratulations to Tesla on becoming the first U.S.-listed automaker to surpass the combined market capitalisation of General Motors and Ford Motor Co. by more than $100 billion. This fully illustrates the market’s strong demand for electric vehicles, and the century-old automotive industry is about to usher in a change inflection point.

Five years ago, judging by the changing trends in the industry, Faraday Future began the development of FF 91, a new species built entirely beyond the concept of electric vehicles, based on smart driving platforms and the third Internet living space, which we call all-around automotive robots.

In the age of electric cars, Tesla proved itself to be a leader, but in the next generation of Internet-smart automotive industries, FF hopes to be the star of change with its powerful product and technical power.

We’re committed to delivering the new species FF 91 and making the vision of a shared smart travel ecosystem a reality as quickly as possible.