(Bloomberg) — Tesla Inc. passed Boeing Co. as the most valuable industrial company in the U.S., closing a gap that was almost $200 billion a year ago.Boeing’s biggest one-day plunge in almost 40 years dropped its market capitalization to $106.5 billion, more than $10 billion below Tesla’s value. The planemaker’s shares, already reeling since the grounding of its best-selling 737 Max jetliner, have been hammered by concerns about the coronavirus crimping global travel.Tesla continues to elbow aside manufacturing stalwarts and industry bellwethers even as the virus costs the carmaker some of its own gains. Topping Boeing is a particularly satisfying …read more
Source:: Yahoo Finance
