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06-11-2017, 01:00 AM
For a moment, Tesla was worth more than BMW
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For a little while, Tesla was worth more than even the fanciest automakers.*
The clean energy carmaker gained e**ugh value (https://www.bloomberg.com/news/articles/2017-06-09/tesla-passes-bmw-in-market-cap-ranks-**-4-automaker-by-value-j3pxj7gc) in the stock market Friday to propel it past BMW — traditionally one of the highest-value auto companies.*
Tesla shares rose in value after Elon Musk voiced his confidence (http://www.cnbc.com/2017/06/06/tesla-definitely-on-track-for-model-3-production-in-july-elon-musk-says.html) that Tesla could soon produce its long-awaited more affordable Model 3 at scale, for actual purchase by any customers.*
Tesla stock rose 1.9 percent to help Tesla outpace BMW's $61.3 billion market value. By the end of the day, though, Tesla ended up $2.6 billion below BMW.*
Tesla's gain over BMW was only in its value on Wall Street. In the real world, Tesla is still producing only 80,000 cars to BMW's 2.4 million.* Read more... (http://mashable.com/2017/06/10/tesla-bmw-market-share/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Cars (http://mashable.com/category/cars/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tesla (http://mashable.com/category/tesla/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Elon Musk (http://mashable.com/category/elon-musk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bmw (http://mashable.com/category/bmw/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/QufbaFrosmI
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For a little while, Tesla was worth more than even the fanciest automakers.*
The clean energy carmaker gained e**ugh value (https://www.bloomberg.com/news/articles/2017-06-09/tesla-passes-bmw-in-market-cap-ranks-**-4-automaker-by-value-j3pxj7gc) in the stock market Friday to propel it past BMW — traditionally one of the highest-value auto companies.*
Tesla shares rose in value after Elon Musk voiced his confidence (http://www.cnbc.com/2017/06/06/tesla-definitely-on-track-for-model-3-production-in-july-elon-musk-says.html) that Tesla could soon produce its long-awaited more affordable Model 3 at scale, for actual purchase by any customers.*
Tesla stock rose 1.9 percent to help Tesla outpace BMW's $61.3 billion market value. By the end of the day, though, Tesla ended up $2.6 billion below BMW.*
Tesla's gain over BMW was only in its value on Wall Street. In the real world, Tesla is still producing only 80,000 cars to BMW's 2.4 million.* Read more... (http://mashable.com/2017/06/10/tesla-bmw-market-share/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Cars (http://mashable.com/category/cars/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tesla (http://mashable.com/category/tesla/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Elon Musk (http://mashable.com/category/elon-musk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bmw (http://mashable.com/category/bmw/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/QufbaFrosmI