Nov 20, 2020 - Energy & Climate
Why Tesla's market cap is soaring far past GM's
Add Axios as your preferred source to
see more of our stories on Google.
Tesla is soaring past General Motors in market capitalization — even as electric vehicles remain still a tiny slice of vehicle sales and FM's overall sales far outstrip Tesla's.
Why it matters: Tesla's enormous market value helps to show how investors see vehicles with a plug as the future, even though internal combustion vehicles will dominate for a long time to come.
