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Today I can offer you 30 days access for $1 - and that includes just-auto plus. And now there's just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members. A Message From The Editorjust-auto gives its paid members access to the very best automotive market coverage.
As it stated in
(For what it's worth, GM CEO Mary Barra was on the invite list as well.) For a time on Monday, Tesla edged out GM in market capitalization to become the most valuable U.S. automaker, even though Tesla is on track to lose almost a billion dollars this year while GM is expected to make a $9 billion profit. Jackson argued that affordable gasoline, made possible in part by America's fracking boom, will also work against Elon Musk's all-electric vision. The share prices for both car companies dipped today, putting GM ever so slightly back in the lead with a market cap of just less than $51 billion. The Model 3 is due to enter full-fledged production this summer – and Tesla's billionaire CEO, Elon Musk, is targeting total production of 500,000 all-electric vehicles next year.
Today I can offer you 30 days access for $1 - and that includes just-auto plus. And now there's just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members. A Message From The Editorjust-auto gives its paid members access to the very best automotive market coverage.
As it stated in
Tesla briefly edges out GM as America's most valuable automaker
(For what it's worth, GM CEO Mary Barra was on the invite list as well.) For a time on Monday, Tesla edged out GM in market capitalization to become the most valuable U.S. automaker, even though Tesla is on track to lose almost a billion dollars this year while GM is expected to make a $9 billion profit. Jackson argued that affordable gasoline, made possible in part by America's fracking boom, will also work against Elon Musk's all-electric vision. The share prices for both car companies dipped today, putting GM ever so slightly back in the lead with a market cap of just less than $51 billion. The Model 3 is due to enter full-fledged production this summer – and Tesla's billionaire CEO, Elon Musk, is targeting total production of 500,000 all-electric vehicles next year.
Tesla becomes most valuable U.S. car maker, edges out GM
Tesla's market capitalization is now equivalent to $102,000 for every car it plans to make in 2018, or $667,000 per car sold last year. By comparison, GM sold 10 million cars and Ford sold 6.7 million. Jeffrey Gundlach, who oversees over $105 billion in assets at Los Angeles-based DoubleLine Capital, told Reuters last week: "As a car company alone, Tesla is crazy high valuation. By comparison, GM's market capitalization is equivalent to $5,000 per car it sold in 2016. SAN FRANCISCO For the first time in the era of the modern automobile, the most valuable U.S. car maker is not based in Detroit.
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