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Tesla now highest-valued US automaker ever

TMA Media January 9, 2020
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Elon Musk should be especially happy this new year. His auto company Tesla started 2020 with a record: It’s now the highest-valued US automaker ever.

Starting the year at $177 a share, Thursday Tesla stock hit a high of $499 per share before falling back down to the $480 range.

Market Insider graph

But as of Tuesday, Markets Insider writes:

The Elon Musk-led automaker’s recent stock rally pushed its market value to nearly $85 billion at Tuesday’s close, surpassing the $80.8 billion set by Ford in 1999.

Ford had a market value of about $37 billion at the end of trading on Tuesday.

Tesla’s shares continued to climb and traded up more than 4% on Wednesday. So far in 2020, through Tuesday’s close, the stock has gained as much as 12%.

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