Tesla has surpassed Ford and GM in market value.
Investors investors are betting that the world’s appetite for electric vehicles will continue to grow and that Tesla will grow with it.
Although the big automakers are financially healthy and produce the best-selling types of vehicles, like trucks and sport utility vehicles, they are perceived as lagging in cutting-edge technology like alternative power and autonomy.
See:
“Tesla Hits a New Milestone, Passing G.M. In Valuation” | The New York Times, 10 April 2017
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