Tesla's market cap tops $158 billion, closing in on double that of GM and Ford combined-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Tesla's market cap tops $158 billion, closing in on double that of GM and Ford combined

Dow Jones2020-02-04

MW Tesla's market cap tops $158 billion, closing in on double that of GM and Ford combined

With Tesla Inc.'s stock $(TSLA)$ surging 13%, the electric car maker's market capitalization has climbed to about $158.2 billion, which isn't far from doubling the combined market caps of rivals General Motors Co. $(GM)$ of $49.2 billion and Ford Motor Co. $(F)$ of $36.2 billion. Throw in Fiat Chyrsler Automobiles N.V.'s (FCA.MI) market cap of $26.3 billion, and all three automakers can fit inside Tesla, with room to spare. However, Tesla is still well short of Toyota Motor Corp.'s (7203.TO) market cap, which is currently at $233.5 billion. Tesla is not in the S&P 500 , but it would be the 38th largest in the index. Tesla currently sits just below FAANG member Netflix Inc. $(NFLX)$ and Dow Jones Industrial Average member Nike Inc. $(NKE)$, which are both at $159.4 billion.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 04, 2020 10:33 ET (15:33 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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