STOKE-ON-TRENT, ENGLAND - NOVEMBER 15: A electric vehicle is seen at a charging pod point on November 15, 2020 in Stoke-On-Trent, England. In a 10-point environmental plan to be announced this week, the British government is expected to ban the sale of petrol and diesel cars by 2030, five years earlier than previously committed. (Photo by Nathan Stirk/Getty Images)
Tesla is soaring past General Motors in market capitalization — even as electric vehicles remain still a tiny slice of vehicle sales and FM’s overall sales far outstrip Tesla’s.
Why it matters: Tesla’s enormous market value helps to show how investors see vehicles with a plug as the future, even though internal combustion vehicles will dominate for a long time to come.
