Apr 10, 2017

Tesla is now most valuable U.S. auto maker

Kim Hart, author of Cities

David Pinter / Flickr cc

Elon Musk's electric-car maker Tesla on Monday became the largest U.S. auto maker by market value, overtaking auto giant General Motors, the WSJ reports.

The big number: Tesla, which began tinkering with the idea of electric cars 13 years ago, reached a market capitalization of $51 billion in early trading, edging out both GM and Ford.

Why it matters: Silicon Valley's focus on re-engineering transportation, from self-driving cars to on-demand vehicles, threatens to upend Detroit's heavyweight auto makers, who delivered disappointing monthly sales results last week. But while its stock is buoyed by investor optimism, Tesla has a long way to go to meet goals such as making 500,000 vehicles next year (including its mass-market Model 3) and creating reliable self-driving software.

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Updated 13 mins ago - Politics & Policy

The latest: George Floyd protests nationwide

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued for a seventh day across the U.S., with President Trump threatening on Monday to deploy the military if the unrest continues.

The latest: New York Attorney General Letitia James responded to Trump's comments by tweeting that he "is not a dictator & he doesn’t have the right to unilaterally deploy U.S. military across American states. We will guard the right to peaceful protest & will not hesitate to go to court to protect our constitutional rights during this time & well into the future."

2 hours ago - World

The world watches America burn

Newspaper front pages via the Newseum

The world is watching the grief and anger, violence and pain in America's streets.

The big picture: The U.S. accounts for nearly one-third of the world's deaths from COVID-19. The killing of a black man, George Floyd, by police has sparked days of protest and nights of chaos in America's major cities.

Trump walks to historic St. John's Church outside White House as protests rage

President Trump walked to the historic St. John’s Episcopal Church, located just steps away from the White House across Lafayette Park, on Monday night as protests linked to the murder of George Floyd raged across the capital and cities around the country.

What we're seeing: Military police and park rangers used physical force and tear gas on peaceful protestors to clear the area so that Trump could "pay respects" to the church that was damaged by a fire on Sunday.