Tesla Adds $14 Billion a Day to Its Valuation

(Bloomberg) — Remember when Tesla Inc.’s market value surpassed General Motors Co.? That was just in October, though investors can’t be blamed for thinking it was a lifetime ago.The electric vehicle maker’s valuation has added the combined value of the Big Three — GM, Ford Motor Co. and Fiat Chrysler — in just five trading days through Monday. Tesla has grown by an average $14 billion on each of those days.Tesla shares have been on a searing rally this year, recovering spectacularly from a steep pandemic-related sell-off, helped most recently by second-quarter delivery numbers that surpassed market estimates. In the …read more

Source:: Yahoo Finance

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