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Cars: Tesla Is Now Worth More Than Ford and GM—Combined

Cars:

Its stock has soared past $500 per share. That’s a hopeful sign that the company might finally be executing smoothly.

Cars: Tesla illuminated on the side of the new Shanghai factory at night
Photograph: Qilai Shen/Bloomberg/Getty Images

Less than a month after Tesla’s stock first rose above $400, the company’s shares have now soared past $500 per share. As I write this, one share of Tesla stock is worth $516, which means the company as a whole is worth more than $93 billion.

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