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From Electrek: Tesla (TSLA) is now more valuable than Ford and why it doesn’t matter

Discussion in 'News from Electrek.co' started by RSSFeed, Mar 27, 2017.

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    Tesla (TSLA) is now more valuable than Ford and why it doesn’t matter

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    Tesla’s stock recently gained in value while Ford’s took a tumble and today it resulted in Tesla’s market capitalization surpassing Ford’s for the first time. Tesla closed at $45.47 billion today while Ford is now worth $45.35 billion despite the latter selling 30x more cars in the US alone than the former delivers globally.

    It is sure to create a debate in the auto industry and on Wall Street, but ultimately it doesn’t really matter since Tesla is not really just an automotive company anymore. more…

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