Tesla is now the highest-valued US industrial company after overtaking Boeing
market capitalization exceeded Boeing's on Wednesday, making it officially the highest-valued industrial company in the US.
Tesla's market value, or number of shares outstanding times its share price, was about $114 billion during intraday trading Wednesday. That's about $4 billion higher than Boeing, which had a market value of about $110 billion on Wednesday after falling as much as 15%. A year ago, Boeing's market value was roughly $200 billion more than Tesla's. Boeing's stock price has been dragged down by ongoing issues including two fatal crashes and the global grounding of the company's popular 737 Max airplane, which hits the one-year mark on Friday.
In addition, the company is reeling as coronavirus hits the airline industry. On Wednesday, Boeing reported that it had
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