Tesla finally overtook GM and FORD in market cap.
On January 13, Tesla's stock price exceeded the $500 per share point for the first time ever. This surge cemented the fact that during the last 3 months the stock of the company grew almost 110 percent.
Since the opening of trading session yesterday, the share price for TSLA has increased by 10%. Right now the stock is at $524.86 per share point and it is not going to change until trading opens in the USA in several hours.
Company’s shares started to really grow after Tesla Model 3 car deliveries to China started. Cars are assembled at a factory in Shanghai. This is the only Tesla production site outside of the United States.
Tesla's capitalization currently exceeds $91 billion. Thus, by this indicator, the company overtook Ford and General Motors combined.
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