Tesla, the electric car maker, hit another milestone in the automotive industry on Monday (April 10): surpassing General Motors in terms of market value. Last week it surpassed Ford Motors in terms of market value.
According to a report in The New York Times, Tesla’s stock surpassed $313 in trading on Monday, giving it a market value of $51 billion, which is a little more than GM. Tesla’s rise is noteworthy given Ford and GM have been in the automotive industry for decades and Tesla hasn’t.
