Tuesday, April 4, 2017
Who Is The Most Valuable US Car Company?
Tesla passes GM as most valuable
U.S. car company
Tesla Motors' mass-market Model 3 electric cars are seen in this handout picture from Tesla Motors on March 31, 2016. Tesla Motors/Handout via Reuters/File Photo
Tesla Inc on Tuesday morning surpassed General Motors Co as the
most valuable U.S. auto firm.
In late morning trade, Tesla had a market capitalization of $52.7 billion
(42 billion pounds) compared with $49.6 billion for GM.
Tesla on Monday said it delivered a record 25,000 electric vehicles in the
first quarter. It plans to begin production this summer of the mass-market
Model 3 sedan.
(Reporting by Paul Lienert in Detroit; Editing by Chizu Nomiyama)