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Tesla’s Market Value Surpasses Ford’s
A jump in Tesla Inc.’s share price has boosted the market value of the money-losing electric carmaker to $47.6 billion.
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A jump in Tesla Inc.’s share price has boosted the market value of the money-losing electric carmaker to $47.6 billion. That compares with a market value of about $45 billion for Ford Motor Co.
Tesla sold about 25,000 EVs worldwide in the first quarter of 2017. Ford delivered 689,000 cars and trucks in the same period in the U.S. alone.
Tesla is gearing up to begin making its third electric car, the $35,000 Model 3 sedan, in July. The company has an ambitious goal of hiking full-year production to 500,000 units from last year’s 76,200.
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