2017-04-10 18:46
Automotive
Alex Lowe

Tesla is a more valuable car maker than GM

Tesla is a more valuable car maker than GM

Everyday Tesla seems to be always in the news, the electric car giant is constantly distorting and shaking up how we view renewable power and it’s cars. Elon Musk’s company has been making strides in the tech and automotive industries in the past few years with the release of the more accessible Tesla Model 3 coming later this year and also the Model S 100D can outrun most hyper-cars to 60mph – which is incredible.

But it looks like Elon’s hard work has paid off, the company has now surpassed US car colossus in stock market capital. Tesla is now worth $51 billion on the stock market, around $1.7 billion more than GM. What’s also incredible is that Tesla has only been a company for a mere 13 years, although GM have sold nearly 30 times more cars than Tesla did last quarter. Tesla sold 25,000 cars whereas GM sold 690,000.

Alex Lowe

Tesla is a more valuable car maker than GM

Alex Lowe is the owner and editor of the interface and started the website in 2013. He publishes the majority of the content on the website, hosts the three podcasts and the runs the YouTube channels. Alex has a professional background in computer networking, FWA and WiFi.

Other Posts

105kWh Porsche Taycan
Porsche Taycan now comes with larger 105kWh battery as standard
All versions of the Porsche Taycan now come with a much larger battery as standard
BYD publicly calls out US and EU for being worried about EVs from China
BYD CEO publicly questions why US and EU are so worried about new EVs coming from China
Project EV helps deploy the UK's first 'Hyper Rapid' 480kW chargers
The first 480kW EV chargers have been deployed in Blackpool
Labour to bring back the 2030 ban on new, pure ICE car sales
After being delayed by the Conservative government last year, the Labour Party - if elected would reinstate the 2030 ban on new, pure ICE car sales