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Tesla now worth more than 100-year-old Ford

NEWSWATCH: Yesterday, 3 April 2017, saw Elon Musk's clean transportation and power company, Tesla, reach $298.56 in Nasdaq trading (a 7.3% increase). That pushed its market cap to a record almost-$48 billion compared with $45.3 billion for Ford.
Tesla now worth more than 100-year-old FordAccording to reports, this happened a day after Tesla reported its best-ever quarterly production and delivery results.

Last year, Ford sold 6.7 million vehicles compared to Tesla which delivered less than 80,000 cars. Musk is of the opinion that, after the launch of the Model 3, his company could produce up to 500,000 vehicles a year in 2018.

Currently, shares of both General Motors and Ford are now lower for the year, while Tesla's stock has increased more than 35%.

Musk marked the occasion on Twitter with a dig at short sellers, investors who bet that a company's stock will decline.

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About Ilse van den Berg

Ilse is a freelance journalist and editor with a passion for people & their stories (check out Passing Stories). She is also the editor of Go & Travel, a platform connecting all the stakeholders in the travel & tourism industry. You can check out her work here and here. Contact Ilse through her website here.

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