January 22, 2020 / 2:50 PM / a month ago

Tesla races past $100 bln in market valuation

Jan 22 (Reuters) - Tesla Inc on Wednesday crossed $100 billion in market valuation for the first time, further extending its lead over Ford Motor Co and General Motors Co.

The electric-car maker has seen its stock more than double in the last three months, fueled by a rare quarterly profit in October, news of production ramp-up in its China factory and better-than-expected annual car deliveries.

Shares of the company were up 3.7% at $567.5 in early trading. (Reporting by Ayanti Bera in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below