Tesla's stock market value zooms past that of GM and Ford, combined

Topics Tesla | Tesla Model | Tesla Inc

For the first time, Tesla’s stock market value has eclipsed the combined values of General Motors and Ford Motor. The Silicon Valley electric car maker's stock jumped nearly 5 per cent on Wednesday, closing at a record $492.

14 per share and elevating its market capitalization to almost $89 billion, or $2 billion larger than the sum of General Motors' and Ford's respective market caps of $50 billion and $37 billion. Fueled by a surprise third-quarter profit, progress at a new factory in China and better-than-expected.

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