Marcio Jose Sanchez / AP

Elon Musk's 14-year-old electric-car maker, Tesla, is now worth more than 113-year-old Ford, with a market cap of $47 billion compared to Ford's $45 billion, reports Recode. Tesla beat analyst estimates in the first quarter of 2017, thanks to delivering a record 25k vehicles. The push is a good sign for Tesla as it gears up to start producing its first mass-market vehicle, the Model 3.

The company is planning to deliver 50k cars in the first half of 2017 and 500k by the end of 2018. Tesla also plans to begin construction on at least 3 more Gigafactories this year.

Note: Tesla is still much smaller than Ford, and continuing to lose revenue. The company had $7 billion in annual revenue in 2016, while Ford saw nearly $152 billion.

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Amy Coney Barrett's immediate impact

Illustration: Eniola Odetunde/Axios

In her first week on the job, Amy Coney Barrett may be deciding which votes to count in the presidential election. By her third week, she’ll be deciding the fate of the Affordable Care Act.

Where it stands: The Senate votes on Barrett’s nomination tomorrow. If she’s confirmed, Chief Justice John Roberts is expected to swear her in at the Supreme Court within hours, an administration official tells Axios.

Texas Democrats beg Biden to spend now

Photo: Ron Jenkins/Getty Images

The Biden campaign is rebuffing persistent pleas from Texas Democrats to spend at least $10 million in the Lone Star state, several people familiar with the talks tell Axios.

Why it matters: If Texas — which has 38 electoral votes and is steadily getting more blue, but hasn't backed a Democrat for president since 1976 — flipped to the Biden column, it would be game over. But the RealClearPolitics polling average stubbornly hovers at +2.6 for Trump — and Team Biden appears more focused on closer targets.

2 hours ago - Politics & Policy

Election night in Trumpworld

Photo illustration: Aïda Amer/Axios. Photo: Chris Carlson-Pool/Getty Images

A luxe election-night watch party at the Trump International Hotel on Pennsylvania Avenue is being planned for President Trump's donors, friends and advisers — but Trump's hand in it is minimal because he's "very superstitious" — people familiar with the plans tell Axios.

The big picture: This "mecca for all things MAGA," as one adviser described it, is one of three hubs where they say Trumpworld will watch returns. The others are the war room at campaign HQ in Rosslyn, Virginia, and the White House residence, where Trump and the first lady will gather close family and advisers before heading to the hotel later that night, the sources said.