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Tuesday, April 4, 2017

Ahead of Model 3 release, Tesla overtakes Ford in value

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3077972471-9*100xx2662-2667-1338-0.jpgTesla Inc., the electric car company founded 14 years ago by CEO Elon Musk, drove past 114-year-old Ford Motor Co. on Monday as the second-most valuable car company in the U.S. Tesla’s stock popped 7 percent to $298.54 just before the market closed on Monday, boosting its market capitalization to $48 billion. That's $2 billion more than Ford’s market cap, according to a report by Bloomberg. It is also just behind No. 1 General Motors' market cap of $51.13 billion. Join the conversation: Follow…
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April 04, 2017 at 02:35AM

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from Jennifer Elias

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