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10-24-2019, 03:13 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Green (https://www.autoblog.com/category/green-auto-news/),Tesla (https://www.autoblog.com/tesla),Electric (https://www.autoblog.com/category/electric/)
https://o.aolcdn.com/images/dims3/GLOB/crop/5568x3132+0+580/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-08/b3157e40-b960-11e9-a9fd-724b8791e418 Trading at $298, Tesla's market capitalization was $53 billion, surpassing General Motors Co's $51 billion stock market value and making it the United States' most valuable car company. It has been the No. 1 U.S. car company by market cap before, but recently GM has had a substantial lead. Tesla late on Wednesday reported a quarterly profit, citing improvements in operating efficiency and a reduction in manufacturing and material costs.Continue reading Tesla overtakes GM as most valuable U.S. automaker — and short sellers get burned (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/)
Tesla overtakes GM as most valuable U.S. automaker — and short sellers get burned (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 24 Oct 2019 17:03:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/) | Email this (https://www.autoblog.com/forward/2179568/) | Comments (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/#comments)
More... (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/)
https://o.aolcdn.com/images/dims3/GLOB/crop/5568x3132+0+580/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-08/b3157e40-b960-11e9-a9fd-724b8791e418 Trading at $298, Tesla's market capitalization was $53 billion, surpassing General Motors Co's $51 billion stock market value and making it the United States' most valuable car company. It has been the No. 1 U.S. car company by market cap before, but recently GM has had a substantial lead. Tesla late on Wednesday reported a quarterly profit, citing improvements in operating efficiency and a reduction in manufacturing and material costs.Continue reading Tesla overtakes GM as most valuable U.S. automaker — and short sellers get burned (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/)
Tesla overtakes GM as most valuable U.S. automaker — and short sellers get burned (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 24 Oct 2019 17:03:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/) | Email this (https://www.autoblog.com/forward/2179568/) | Comments (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/#comments)
More... (https://www.autoblog.com/2019/10/24/tesla-market-value-short-sellers-burned/)