Tesla roars past $100B in market value

Elon Musk's electric carmaker is worth more than Ford and GM combined

Tesla on Wednesday crossed $100 billion in market valuation for the first time, further extending its lead over Ford and General Motors.

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The electric-car maker has seen its stock more than double in the last three months, fueled by a rare quarterly profit in October, news of a production ramp-up in its China factory and better-than-expected annual car deliveries.

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Shares of the company were up 3.7 percent at $567.50 in early trading.

TickerSecurityLastChangeChange %
TSLATESLA INC.851.30+51.27+6.41%
FFORD MOTOR COMPANY8.04-0.07-0.80%
GMGENERAL MOTORS COMPANY34.32-0.44-1.26%