Tesla nabs $526B market cap for first time, leapfrogs Toyota, GM, Ford
Added 11-24-20 06:04:02pm EST - “Elon Musk's car company is on a tear.” - Foxbusiness.com
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New Street Research managing partner Pierre Ferragu provides insight into Tesla’s profitability, stock and future.
Elon Musk’s electric vehicle maker topped $526 billion in market value for the first time on Tuesday. It is now bigger than Toyota, General Motors and Ford, despite being a much younger company.
Part of the catalyst rocketing the shares higher is the forthcoming addition to the S&P 500 set for December 21.
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