Tesla surpasses $100 billion market valuation

January 22, 2020 | Investopaper

Tesla Inc, an electric car company has reached a $ 100 billion market capitalization. With this, it has become the first car company to cross the milestone.

Trading at around $555, Tesla stock surpassed the $100 billion dollar valuation.

Tesla has more than the combined valuation of General Motors Company and Ford Motor Company, two of the car manufacturing giants of US.

In the last three months period, the share price of Telsa has more than doubled. The rise in the stock price is mainly due to annual car deliveries that surpassed the Wall Street expectation and the entrance into the Chinese market.


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