Tesla's market value zooms past that of GM and Ford combined

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 83%

Business News News

Business Business Latest News,Business Business Headlines

For the first time, Tesla’s stock market value has eclipsed the combined values of General Motors and Ford.

SAN FRANCISCO, California -

“It’s clear that Tesla is back to being a story stock and there’s a lot of good news out there,” said David Kudla, chief investment strategist at MainStay Capital Management. Underscoring investors’ confidence in Musk and his company’s future growth, its market capitalization has outpaced its US rivals, even as their businesses dwarf Tesla’s.

The company has repeatedly missed targets in recent years and Musk’s mercurial behavior has come under close scrutiny from financial regulators and shareholders of Tesla.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines