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Source: Tesla

Tesla Is Now The Most Valuable Automaker In The U.S.

By Koty Neelis

Tesla may finally be hitting its streak after surpassing both General Motors and Ford in market value and claiming its title as the number one carmaker in the United States. Just one week after exceeding Ford, Tesla's stock soared on Monday boosting its market capitalization to $51 billion, beating GM by about $3 million. Tesla's dethroning of GM and Ford shows the extent to which investors believe in Musk's vision that electric vehicles are the vehicles of the future. 

"Tesla engenders optimism, freedom, defiance, and a host of other emotions that, in our view, other companies cannot replicate," said Alexander Potter, an analyst at Piper Jaffray Cos., who upgraded the stock Monday after owning a Tesla for seven months. "As they scramble to catch up, we think Tesla's competitors only make themselves appear more desperate."

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