Tesla’s market cap has eclipsed that of Ford at its peak
Tesla Inc. is as big as peak Ford Motor Co., with the Silicon Valley electric-car maker stock poised to hit another record on Tuesday.
Tesla has been the No. 1 U.S. auto maker in terms of market valuation off and on in the recent past, but it is the first time its market cap has topped Ford’s F, -0.22% at its highest valuation. Ford is currently valued at more than $36 billion, and General Motors Co. GM, -2.65% is valued at $50 billion.
Tesla was showcasing the delivery of the first Model 3 sedans made at the company’s plant in the Shanghai area.
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