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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
Tesla overtakes GM as most valuable U.S. automaker — and short sellers get burned originally appeared on
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Tesla overtakes GM as most valuable U.S. automaker — and short sellers get burned
