Tesla Becomes Most Valuable US Automaker - NBC4 Washington

Tesla Becomes Most Valuable US Automaker

The electric car company sold about 76,000 vehicles last year, a fraction of the 10 million sold the same year by GM

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    NEWSLETTERS

    Tesla Reports Record Deliveries of Vehicles in First Quarter

    Tesla is making more than electric cars and batteries -- it's making history. Scott Budman reports. (Published Monday, April 3, 2017)

    Tesla overtook General Motors during trading Monday to become the most valuable automaker in the United States, CNBC reported.

    The electric car company sold about 76,000 vehicles last year, a fraction of the 10 million sold the same year by GM.

    But Tesla's market capitalization, which is calculated by multiplying the total number of shares by the present stock price, hit about $51 billion, Bloomberg reported. That was about $1.7 billion more than GM, as of 9:35 a.m. ET.

    PiperJaffray analyst Alexander Potter said in a note that Tesla has a "captivating impact on consumers and shareholders alike" that will be difficult for competitors to replicate.

    Clerk Pulls Out Machete on Would-Be Robber

    [NATL] Clerk Pulls Out Machete on Would-Be Robber

    A would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.

    According to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own.

    (Published Wednesday, March 20, 2019)

    Tesla shares rose more than 3 percent to reach a fresh all-time high of $313.73 in midafternoon trading Monday, after receiving the highest price forecast ever issued for the stock by an analyst at a major firm.

    The stock closed up over 3 percent at $312.39 per share.