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Tesla is now the most valuable US automaker ever [CNNMoney.com]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Tesla is now the most valuable US automaker ever New York (CNN Business) Wall Street's current love for Tesla ( TSLA ) has lifted its shares to a level never before achieved by a US automaker. Tesla shares, which are up more than 160% since hitting a 52-week low last June, now have a market value of $86.5 billion. That gives the electric car-maker the distinction of being the most valuable US automaker in history. This achievement easily tops the previous record high of $76.1 billion for shares of Ford in 1999, according to data from the Center for Research in Security Prices. The high watermark for GM stock was more recent, when it reached a market value of $67.7 billion in October 2017. Today both of those stocks have lost a good chunk of their value. GM ( GM ) , valued at $50.7 billion, and Ford ( F ) , worth $36.9 billion, together are worth only about 1% more than Tesla alone. Read More Italian-American automaker Fiat Chrysler ( FCAU
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- Tesla accused by NLRB of creating policies to chill workers' unionizing efforts in Buffalo [MSNBC.com][MSNBC.com]
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- Tesla Stock Closed Down. A Departing Exec Said What Everyone Is Thinking. [Yahoo! Finance][Yahoo! Finance]
- Amid Tesla's bloodletting, top exec sends Musk a message: The company has ‘taken its pound of flesh' [Yahoo! Finance][Yahoo! Finance]
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