Detroit Bureau on Twitter

Posts Tagged ‘Tesla worth more than Ford’

Tesla’s Market Value Surpasses Ford: $48.2B v. $45.1B

Musk pokes fun at short sellers in latest tweet.

by on Apr.03, 2017

Tesla CEO Elon Musk is enjoying the company's bump in stock price following its report that it set a new production record in the first quarter of 2017.

This story has been updated with additional information.

Bigger is not always better. Of course, that adage can be balanced out with fact is stranger than fiction, especially when it comes to stock valuations.

Tesla’s been confounding experts in a variety of arenas since its inception, and now with the current record spike in its stock price after its Q1 sales announcement, its making auto analysts shake their heads.

Charge Up!

The Palo Alto, California-based EV maker has a current value of about $48.2 billion. Pretty impressive but all the more so when you compare it to Ford’s current total of about $45.1 billion. The bump came when the EV maker stock jumped about 5% on news that it delivered 25,000 vehicles in the first quarter this year. (more…)