Tesla passes General Motors to become America’s most valuable carmaker
Monday, April 10, 2017, 8:07 PM
Elon Musk’s Tesla Inc. surpassed General Motors Co. to become America’s most valuable carmaker, eclipsing a company whose well-being was once viewed as interdependent with the nation’s. Tesla climbed as much as 3.4% in early Monday trading, boosting its market capitalization to about $51 billion. The company was valued at about $1.7 billion more than General Motors as of 9:35 am in New York.