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Tesla more valuable than GM and Ford: E-car manufacturer wins by stock market value

Tesla more valuable than GM and Ford
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S tesla Motors has never had an annual winner since it was founded in 2003. Nevertheless, the company is now the most valuable US automaker in terms of market value, reports Der Spiegel. After the market closed, Tesla had a market capitalization of $ 50.887 billion on Monday. He overtook the competitor General Motors, which reached a market value of 50.886 billion dollars.

Tesla had already overtaken the automaker Ford last week in terms of market value. Tesla's share price is up more than 40 percent since the start of the year. Investors hope for a successful conquest of the mass market with the Model 3 - Tesla's first mid-range car, which will go into series production in September and cost around $ 35,000.

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