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IPFS News Link • Transportation

Tesla Is the Most Valuable Car Company In America Ever

•, Al Root

Tesla (ticker: TSLA) shares are up a whopping 93% over the past three months and have soared almost 10% year to date, far better than the 0.4% gain of the Dow Jones Industrial Average. The recent run, however, is only part of the story. The gains have made Tesla the most valuable car company in America ever.

There was Henry Ford, then Alfred Sloan, and Lee Iacocca. Now Elon Musk gets his place on the American automotive Mount Rushmore.

Tesla's current market capitalization is approaching $83 billion and that exceeds the peak Ford Motor (F) market value of about $81 billion set in 1999, according to Dow Jones Market Data. Tesla's market value is also larger than prebankruptcy General Motors (GM), current General Motors, and pre- Daimler (DAI.Germany) Chrysler or Fiat Chrysler Automobiles (FCAU). (Chrysler and Daimler merged in 1998.)