Tesla’s market cap is now bigger than Ford’s was at its peak

Tesla Inc. is as big as peak Ford Motor Co., with the Silicon Valley electric-car maker stock poised to hit another record on Tuesday.

Tesla has been the No. 1 U.S. auto maker in terms of market valuation off and on in the recent past, but it is the first time its market cap has topped Ford’s F, -0.22% at its highest valuation. Ford is currently valued at more than $36 billion, and General Motors Co. GM, -2.65% is valued at $50 billion.

Tesla was showcasing the delivery of the first Model 3 sedans made at the company’s plant in the Shanghai area.

And yet there are far fewer Teslas on the road than Ford. Pathetic writer.

Very overvalued. Look at the financial statements. Only purchase stock if you are looking to speculate.

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Source: CNBC - 🏆 12. / 72 Read more »