Tesla Becomes Most Valuable US Automaker - NBC10 Boston

Tesla Becomes Most Valuable US Automaker

The electric car company sold about 76,000 vehicles last year, a fraction of the 10 million sold the same year by GM

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    NEWSLETTERS

    Tesla Reports Record Deliveries of Vehicles in First Quarter

    Tesla is making more than electric cars and batteries -- it's making history. Scott Budman reports. (Published Monday, April 3, 2017)

    Tesla overtook General Motors during trading Monday to become the most valuable automaker in the United States, CNBC reported.

    The electric car company sold about 76,000 vehicles last year, a fraction of the 10 million sold the same year by GM.

    But Tesla's market capitalization, which is calculated by multiplying the total number of shares by the present stock price, hit about $51 billion, Bloomberg reported. That was about $1.7 billion more than GM, as of 9:35 a.m. ET.

    PiperJaffray analyst Alexander Potter said in a note that Tesla has a "captivating impact on consumers and shareholders alike" that will be difficult for competitors to replicate.

    Death Toll, Damages Climb From Typhoon Hagibis

    [NATL] Death Toll, Damages Climb From Typhoon Hagibis

    The death toll from Typhoon Hagibis climbed to 53 on Tuesday, days after it tore through Japan and left hundreds of thousands of homes wrecked, flooded or out of power. Hagibis caused more than 200 rivers to overflow when it hit the island nation on Saturday.

    (Published Tuesday, Oct. 15, 2019)

    Tesla shares rose more than 3 percent to reach a fresh all-time high of $313.73 in midafternoon trading Monday, after receiving the highest price forecast ever issued for the stock by an analyst at a major firm.

    The stock closed up over 3 percent at $312.39 per share.