Tesla Becomes Highest-Valued US Automaker in History.
On Jan.
7, Tesla’s market value surpassed $85 billion, making it the highest-valued automaker in the United States.
The record was previously set by Ford in 1999 when it had an $80.8 billion market value.
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Tesla’s stock continued to rise more than four percent on Jan.
8, increasing its market value to $89 billion.
That’s $2 billion more than the current market values of Ford and General Motors combined, who sit at $37 billion and $50 billion, respectively.
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Tesla’s stock rally is believed to be thanks to their recent announcement that 367,500 vehicles were delivered in 2019.
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In terms of non-U.S. automakers, Tesla has yet to overtake Japan’s Toyota or Germany’s Volkswagen.
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Toyota is worth roughly $232 billion and Volkswagen has an estimated value of about $98 billion.