Forget Ford, Tesla Now More Valuable Than GM At $51 Billion!

Barely a week after Tesla exceeded Ford in market value, Elon Musk’s baby has now become more valuable to investors than General Motors.

Yesterday, value for Tesla reached an all-time high of around $50.9 billion, approximately $1 million more than General Motors. Tesla’s shares are now worth $312.39 each, a 35 per cent increase over their value just a month ago. What’s more, the electric automaker’s value now exceeds Ford by $7 billion and is around $15 billion more than where it sat throughout most of 2016.

Recently, Tesla announced that in the first quarter of this year, it delivered a record 25,000 vehicles. It has yet to release its financial results from the quarter but Business Insider suggests that when they are released, a more “rational outlook on the company’s valuation” may take hold.

Beyond its record sales figures, another possible reason to explain Tesla’s surging valuation are short sellers covering their positions following a tumultuous start to the year for those betting against the company’s future.

Based off Tesla’s current valuation, its market capitalization sits at the equivalent of $667,000 for every car it sold in 2016 and around $102,000 for every car it intends on producing in 2018. To put that into perspective, GM had a market capitalization of $5,000 per vehicle it sold throughout 2016.


Hybrid And Plug-In Hybrid To Follow C8 Corvette Stingray

GM President confirmed that the new platform of the Corvette has been designed with electrification in mind.

One-Off Pagani Huayra Hermes Edition Is Both Fierce And Lavish

Apart from the finest leather from the French luxury house, this Huayra also features the desirable Tempesta package.

Would You Cough Up $50K To Get A 330 HP, Hoonigan-Style Fiesta ST?

This ST sports a WRC-like body kit, highly tuned engine and Hoonicorn livery, so it’s anything but subtle.

Alpine A110 Gains Premium Interior Courtesy Of Carlex Design

This A110 is rocking white leather on the seats, dashboard and center console, making the spartan cabin more pleasant .

The Peugeot 508 Is Good, But Is It Volkswagen Arteon Good?

The stylish French saloon was once again put to the test, revealing its ups and downs.

Forget The Cupra Ateca; From 2020, It’s The Formentor You’ll Want To Get

It may be a tad less powerful than its counterpart, but the Formentor should be better overall.

JLR Wants To Turn Plastic Waste Into Premium Materials

Jaguar Land Rover is experimenting with an innovative recycling process that could also benefit the environment .

Hyundai’s Active Shift Control Tech Cuts Hybrid Gear Shift Time By 30 Percent

The tech will debut on the Sonata Hybrid, with other Hyundai and Kia hybrids to follow.

BMW And Jaguar Land Rover Reportedly Reach New Engine Deal

After electrification, the two groups will be joining forces on ICE and hybrid engine development .

2019 Audi A8: Should You Cancel That 7-Series/S-Class?

The eighth-gen A8 fell in the hands of Consumer Reports. Does it measure up against its direct rivals?.