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Tesla overtakes GM to become the most valuable US car maker

from Autoblog

Tesla just managed a symbolic but important win in its quest to make electric cars popular. Shortly after the start of trading on April 10, Tesla's stock market cap overtook that of GM — it was worth about $51 billion, or $1.7 billion more than its established rival. While it's not clear that this will last (we've seen some give and take as of this writing), it's no mean feat for a company that has made just three car models in its brief 13-year history. The big question is whether or not Tesla can back up that value with raw sales numbers. more


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