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%Start Tesla Surpasses GM To Become The Largest Automaker In The US CarBuzz News Features New Cars Used Cars Sell My Car Shopping Tools Car Reviews Car Finder Compare Cars Best Cars Car Dealerships Used Car Reviews Car Advice Home News Tesla Surpasses GM To Become The Largest Automaker In The US <h1>Tesla Surpasses GM To Become The Largest Automaker In The US</h1> Apr. 11, 2017 3:40 PM ET by Gabe Beita Kiser / 11 Comments This is an incredible feat for America&#39;s youngest automaker. Just a week after beating out Ford&#39;s valuation to become America&#39;s second-largest automaker in terms of market cap, Tesla briefly took charge and passed General Motors to claim the number one spot this week according to Bloomberg.
Henry Schmidt Member
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%Start Tesla Surpasses GM To Become The Largest Automaker In The US CarBuzz News Features New Cars Used Cars Sell My Car Shopping Tools Car Reviews Car Finder Compare Cars Best Cars Car Dealerships Used Car Reviews Car Advice Home News Tesla Surpasses GM To Become The Largest Automaker In The US

Tesla Surpasses GM To Become The Largest Automaker In The US

Apr. 11, 2017 3:40 PM ET by Gabe Beita Kiser / 11 Comments This is an incredible feat for America's youngest automaker. Just a week after beating out Ford's valuation to become America's second-largest automaker in terms of market cap, Tesla briefly took charge and passed General Motors to claim the number one spot this week according to Bloomberg.
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Emma Wilson 1 minutes ago
During early trading hours on Monday, April 10th, Tesla's market value soared 3.7% to hit $51 bi...
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Sofia Garcia 1 minutes ago
Even with such an enticing car, investors (and enthusiasts in general) don't think it's as a...
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During early trading hours on Monday, April 10th, Tesla&#39;s market value soared 3.7% to hit $51 billion, surpassing GM by a mere $3 million. The move is more of a symbol of Tesla&#39;s brand and the public&#39;s perception of it rather than its ability to move product, but it&#39;s a telling symbol at that. Part of the reason it&#39;s so significant is because General Motors has just gotten done releasing the Chevy Bolt, a versatile electric car with a range of 238 miles that&#39;s priced competitively against the upcoming Tesla Model 3.
Zoe Mueller Member
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During early trading hours on Monday, April 10th, Tesla's market value soared 3.7% to hit $51 billion, surpassing GM by a mere $3 million. The move is more of a symbol of Tesla's brand and the public's perception of it rather than its ability to move product, but it's a telling symbol at that. Part of the reason it's so significant is because General Motors has just gotten done releasing the Chevy Bolt, a versatile electric car with a range of 238 miles that's priced competitively against the upcoming Tesla Model 3.
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Emma Wilson 2 minutes ago
Even with such an enticing car, investors (and enthusiasts in general) don't think it's as a...
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Even with such an enticing car, investors (and enthusiasts in general) don&#39;t think it&#39;s as attractive a proposition as a $35,000 Tesla sedan. Part of the reason why could have something to do with the Model 3&#39;s looks compared to the Bolt&#39;s bulky aesthetic, but analysts think it has more to do with Tesla&#39;s brand. &quot;Tesla engenders optimism, freedom, defiance, and a host of other emotions that, in our view, other companies cannot replicate,&quot; said Alexander Potter, an analyst at Piper Jaffray Cos.
Victoria Lopez Member
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Even with such an enticing car, investors (and enthusiasts in general) don't think it's as attractive a proposition as a $35,000 Tesla sedan. Part of the reason why could have something to do with the Model 3's looks compared to the Bolt's bulky aesthetic, but analysts think it has more to do with Tesla's brand. "Tesla engenders optimism, freedom, defiance, and a host of other emotions that, in our view, other companies cannot replicate," said Alexander Potter, an analyst at Piper Jaffray Cos.
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Alexander Wang 4 minutes ago
In regards to the Bolt and the coming onslaught from competing automakers, Potter mentioned, "A...
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Lily Watson 4 minutes ago
For the time being, the outlook still looks good for Tesla. "The market cares more about the po...
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In regards to the Bolt and the coming onslaught from competing automakers, Potter mentioned, &quot;As they scramble to catch up, we think Tesla&#39;s competitors only make themselves appear more desperate.&quot; Though branding likely plays a large role in how investors see the company, Tesla&#39;s leaps and bounds also can be credited towards the company&#39;s most recent first quarter reports, which quelled concerns many investors had about Elon Musk&#39;s ability to deliver when it was reported that a record 25,000 cars had been delivered during the first three months of 2017. Tesla is unlikely to be able to keep this lead because sooner or later, the fact that both GM and Ford bring in much more money than the young automaker will dawn on investors.
Andrew Wilson Member
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In regards to the Bolt and the coming onslaught from competing automakers, Potter mentioned, "As they scramble to catch up, we think Tesla's competitors only make themselves appear more desperate." Though branding likely plays a large role in how investors see the company, Tesla's leaps and bounds also can be credited towards the company's most recent first quarter reports, which quelled concerns many investors had about Elon Musk's ability to deliver when it was reported that a record 25,000 cars had been delivered during the first three months of 2017. Tesla is unlikely to be able to keep this lead because sooner or later, the fact that both GM and Ford bring in much more money than the young automaker will dawn on investors.
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Grace Liu 1 minutes ago
For the time being, the outlook still looks good for Tesla. "The market cares more about the po...
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For the time being, the outlook still looks good for Tesla. &quot;The market cares more about the potential new market value of the other businesses Tesla is in than about real profits and cash flow,&quot; said David Whiston, an analyst at Morningstar Inc. &quot;Right now there is nothing to slow Tesla&#39;s momentum.
Ryan Garcia Member
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For the time being, the outlook still looks good for Tesla. "The market cares more about the potential new market value of the other businesses Tesla is in than about real profits and cash flow," said David Whiston, an analyst at Morningstar Inc. "Right now there is nothing to slow Tesla's momentum.
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William Brown 14 minutes ago
They could pass Honda, too." Barring a massive mishap during the Model 3's production launc...
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They could pass Honda, too.&quot; Barring a massive mishap during the Model 3&#39;s production launch, it&#39;s beginning to appear like Musk&#39;s big gamble is paying off. Tesla Inc <h4>Join The Discussion</h4> Show Comments (11) <h4>Gallery</h4> 2 Photos Tags: #Tesla News #Electric Vehicles #Government <h4>Related Cars</h4> Tesla Model 3 LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top
Evelyn Zhang Member
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They could pass Honda, too." Barring a massive mishap during the Model 3's production launch, it's beginning to appear like Musk's big gamble is paying off. Tesla Inc

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Tesla Model 3 LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top
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Thomas Anderson 4 minutes ago
Tesla Surpasses GM To Become The Largest Automaker In The US CarBuzz News Features New Cars Used Ca...
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Joseph Kim 7 minutes ago
During early trading hours on Monday, April 10th, Tesla's market value soared 3.7% to hit $51 bi...
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