Tesla becomes most valuable U.S. auto maker, edges out GM

Tesla's market capitalization is now bigger than General Motors', making it the largest USA based automaker by that metric.

A new sighting of the pre-release Tesla Model 3 in the wild popped up on fan site Teslarati.

Just last Tuesday, Tesla moved past Ford for the second-most market capitalization.

GM, for example, sold about 10 million cars in 2016 and earned a profit of more than $9 billion a year ago. Piper Jaffray Companies upgraded shares of Tesla from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $223.00 to $368.00 in a research note on Monday.

Still, Honda, at a market cap of $52 billion, lies within striking distance for Tesla within the next few days, if the stock continues to trend upwards. "The company burns through cash at a rate that better-established companies would likely be crucified for".

Ford reiterated its commitment to invest $4.5 billion to launch 13 hybrid or electric vehicles over the next five years, saying it believes demand for such vehicles will continue to increase globally one week after upstart electric automaker Tesla passed Ford in value on Wall Street. These stronger-than-expected production and delivery figures could be the primary reason for the recent rally in Tesla stock.

Shares outstanding are recorded as 162.58 M and total shares floated are 128.59 M. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 1.10.




Nearly 14 years after its inception, the electric vehicle company is a widely perceived as a leader in the field of electric motors and self-driving efforts, the industry's two biggest growth areas. More than 31 million Tesla shares now remain shorted, making up 25% of the company's float.

General Motors, in contrast, sold 10 million cars and took in United States dollars 166 billion in revenues.

Piper Jaffray analyst Alexander E. Potter has been mostly silent on Tesla since last summer.

Another reason is that short sellers contributed to the surge in Tesla prices.

Johnson added that though Tesla has rolled out Autopilot, they are not even further ahead of their competition. Mr Musk's more-affordable Model 3 saloon, scheduled to roll out later this year, will be critical to his ambitions for Tesla to transform from niche auto maker into a mass-market manufacturer. The most basic and oft-referenced way is to talk about a company's market capitalization - literally how much a company is worth based on its stock.

Tesla Motors Inc (NASDAQ:TSLA) ordered 3,000 kilometers (1,864 miles) of "shielded aluminum cables" which will be used to connect the Model 3's electric motor to an onboard battery pack.

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