Tesla Just Passed BMW in Market Cap
- Carmaker closes $30 billion market value gap in six months
- Stock gives back gains after Hedgeye recommends shorting
Chanos Says Tesla Has Big Test Ahead in Model 3
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BMW AG makes ultimate driving machines, but Tesla Inc.’s stock is the one that’s motoring.
A rally in Tesla shares spurred by Chief Executive Officer Elon Musk’s confidence in selling electric vehicles at scale briefly vaulted the company’s market capitalization past the German luxury carmaker in early Friday trading. The amount of ground Tesla covered was vast: BMW was valued at a $30 billion premium as of early December.