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.
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.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Shares of the company were up 3.7 percent at $567.50 in early trading.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 149.90 | -5.55 | -3.57% |
| F | FORD MOTOR CO. | 12.06 | +0.02 | +0.17% |
| GM | GENERAL MOTORS CO. | 42.30 | -0.15 | -0.37% |