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Last Updated : Jan 22, 2020 10:05 PM IST | Source: Reuters

Tesla market valuation tops $100 billion

The electric-car maker has seen its stock more than double in the last three months, fueled by a rare quarterly profit in October, news of production ramp-up in its China factory and better-than-expected annual car deliveries.


Tesla Inc on January 22 crossed $100 billion in market valuation for the first time, further extending its lead over Ford Motor Co and General Motors Co.

The electric-car maker has seen its stock more than double in the last three months, fueled by a rare quarterly profit in October, news of production ramp-up in its China factory and better-than-expected annual car deliveries.

Shares of the company were up 3.7% at $567.5 in early trading.

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First Published on Jan 22, 2020 08:42 pm
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