Tesla's Market Value Is Now Higher Than GM And Ford Combined

Tesla begins the year 2020 with a bang.

Tesla Model S, 3, X And Semi wallpaper

Mark Kane

By: Mark Kane

Jan 9, 2020 at 8:33am ET

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This month Tesla's stock prices reached a new high of close to $500 per share, which is more than twice the level it was around three months ago.

In effect, also the company's stock market value shot to a new high of more than $88 billion, which might be more than any U.S. automaker ever.

In fact, the market cap of Tesla is now above General Motors ($49.4 billion) and Ford ($36.6 billion) combined ($86 billion).

Comparison via Reuters:

Tesla: stock market value of $88.2 billion and estimated 2019 sales of $24 billion
General Motors: stock market value of $49.4 billion and estimated 2019 sales of $138 billion
Ford: stock market value of $36.6 billion and estimated 2019 sales of $144 billion
GM + Ford: stock market value of $86 billion and estimated 2019 sales of $282 billion

“It’s clear that Tesla is back to being a story stock and there’s a lot of good news out there. But there are still some problematic issues out there, chief among them is what will its sustained profitability look like, and when will it start to be valued like a car company and not a tech company.”

Source: Reuters

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Tesla's Market Value Is Now Higher Than GM And Ford Combined

Tesla begins the year 2020 with a bang.

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