It could be a race to the finish – or at least the closing bell on Monday trading.
With Tesla’s stock price up as much as $10 a share during the New York Stock Exchange’s morning session, the automaker briefly surged ahead of rival General Motors to become the country’s most valuable carmaker based on market capitalization.
With GM also in positive territory, however, it remains to be seen whether the upstart or the established automaker will wear the crown at the end of the day. Tesla has been in striking distance since last week when it surged past Ford Motor Co. to become the number two maker by value. (more…)