Skip to main content

Tesla Just Passed GM to Become America’s Most Valuable Carmaker

Elon Musk’s Tesla Inc. surpassed General Motors Co. to become America’s most valuable carmaker, eclipsing a company whose well-being was once viewed as interdependent with the nation’s.

A week after topping Ford Motor Co., Tesla climbed 3.3 percent Monday, lifting its market capitalization to $50.9 billion. The electric-car maker ended the day valued at about $64 million more than GM. Musk’s company is now within $1 billion of Honda Motor Co. and cracking the top-five automakers worldwide.  Read more.

Comments

Popular posts from this blog

Trump Moves to Gut the Post Office

Some may be inclined to think that Donald Trump’s executive order Thursday night establishing a task force to recommend reforms for the U.S. Postal Service reflects another salvo in the president’s war against Amazon. Trump’s attack on Amazon, a clear byproduct of Amazon CEO Jeff Bezos’s ownership of...read more.