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For the first time, Tesla Inc’s (TSLA.O) stock market value has eclipsed the combined values of General Motors Co (GM.N) and Ford Motor Co (F.N).
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.
Read The Full Article On: Reuters