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A rally in Tesla shares [...] briefly vaulted the company's market capitalization past the German luxury carmaker in early Friday trading. The amount of ground Tesla covered was vast: BMW was valued at a $30 billion premium as of early December.
[...] Short interest represented about one fourth of the shares as of the latest quarterly filing.
According to The Drive the three most valuable auto makers are "Toyota, Daimler, and Volkswagen."
Tesla stock sat at $357.32 after market close after trading as high as $376.87 on Friday.
—Silicon Valley Business Journal
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(Score: 1, Insightful) by Anonymous Coward on Monday June 12 2017, @03:35AM
Somehow, bull markets have a way of outlasting the shorts. That doesn't make the shorts wrong, just early. But it's not like in school where submitting the quiz early shows you're smart.