The stock market thinks Tesla is more valuable than General Motors.
Tesla stock valuation nosed ahead of GM’s market value. Next in sight on the auto list is Honda.
The movement illustrates how investors have latched onto the vision of Elon Musk, Tesla’s founder, that electric vehicles will take over, and that Tesla will be the leader.
GM will make about 9-billion dollars this year. Ford 6-billion. Tesla may lose 1-billion, and sold less than 80-thousand vehicles last year. GM sold 10-million.
But if the future seen by the stock market becomes reality, it may prompt investors to say: what’s good for Tesla is good for the country.