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Tesla's Market Capitalisation "Briefly" Exceeds BMW's

Accepted submission by butthurt at 2017-06-10 02:55:06 from the overtaking dept.
Business

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.

Bloomberg [bloomberg.com]

According to The Drive [thedrive.com] 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 [bizjournals.com]

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