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Tesla becomes most valuable US car maker

Tesla becomes most valuable US car maker

Tuesday, April 11, 2017, 10:02 AM

Tesla Inc on Monday became the most valuable U.S. car maker, reaching a market capitalization of $50.887 billion and edging past General Motors (GM.N) which produces many more cars. Helped by an analyst's recommendation, the luxury electric car maker's stock rose 3.26 percent to a new record high close of $312.39, and its market value exceeded GM's, which ended at $50.886 billion.
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