![](\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/03\/tesla-kauai-14.jpg?w=738\")
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Tesla\u2019s market capitalization is now higher than Ford\u2019s.<\/p>\n
Tesla is trading up<\/a> on the day, sending its market cap to $47.46B. And then there\u2019s Ford, the blue chip automaker that\u2019s exactly 100 years older than Tesla, which is trading down<\/a> on the day, causing its market cap to dip to $44.89B. General Motors\u2019 market cap is only a stone throw away at $51B.<\/p>\n This fluctuation in valuation comes on the back of Tesla reporting good news and Ford reporting bad news. Tesla saw vehicle production and deliveries rise<\/a> during the first quarter of the year at a pace that beat analysts expectations. Meanwhile, Ford is recalling some of its F-150 pickup trucks and its U.S monthly sales fell 7% during last month.<\/p>\n Tesla\u2019s stock has been steadily gaining value since the latter weeks of 2016. It\u2019s now trading at an all-time high of $291.54, up from $181 in the early days of December 2016. But the stock price only shows part of the picture.<\/p>\n Tesla is in deep debt and only shipped some 76,000 vehicles last year. Other automakers like Ford ship millions of cars each year and have a more healthy balance sheet with annual revenues and profits that far eclipse that of the 13-year old startup. Tesla\u2019s strength comes from its sales pitch of delivering the best possible electric vehicles. Investors are clearly hopeful that Tesla will become a key part of the automotive future.<\/p>\n Featured Image: Darrell Etherington<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"![\"\"](\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/03\/tesla-kauai-14.jpg?w=680\")
Tesla’s market capitalization is now higher than Ford’s. Tesla is trading up on the day, sending its market cap to $47.46B. And then there’s Ford, the blue chip automaker that’s exactly 100 years older than Tesla, which is trading down on the day, causing its market cap to dip to $44.89B. General Motors’ market cap is only a stone throw away at $51B. This… Read More<\/a><\/p>\n\n<\/img><\/a>
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