Tesla's market value zooms past that of General Motors and Ford combined

04:00:00 PM, Thursday 9th of January 2020 | in automobile

For the first time, Tesla Inclusive’s stock market value has eclipsed the combined values of General Motors Company and Ford Motor Company. The Silicon Valley electric-car maker’s stock jumped nearly 5% on Wednesday, closing at a record $492.14 per share and elevating its market capitalization to almost $89 billion, or $2 billion larger than the sum of General Motors’ and Ford’s respective market caps of $50 billion and $37 billion.