Transportation,
Corporate
Nov. 8, 2017
Tesla’s improbable rise to the most valuable US car company
This past summer, Tesla accomplished the unimaginable: It became the most valuable car company in the nation, surpassing both General Motors and Ford in total market value.
Jonathan A. Michaels
Managing Partner
MLG Attorneys at Law
Phone: (949) 581-6900
Email: jmichaels@defectattorney.com
Whittier Coll SOL; CA
Jonathan specializes in representing clients in the automotive industry.
This past summer, Tesla accomplished the unimaginable: It became the most valuable car company in the nation, surpassing both General Motors and Ford in total market value. With a market cap of $66 billion, Tesla stunned an industry that has high barriers to entry and is steeped in rich tradition.
By comparison, the numbers are jaw-dropping. GM, which has been producing cars since 1908 and is the third largest car manufacturer in the...
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