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.
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Shares of the company were up 3.7 percent at $567.50 in early trading.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 437.50 | -1.07 | -0.24% |
| F | FORD MOTOR CO. | 13.60 | -0.21 | -1.52% |
| GM | GENERAL MOTORS CO. | 80.82 | -0.09 | -0.11% |