April 3, 2017Source: The Seattle Times
AutoPacific Contributor: Dave Sullivan
Tesla’s stock-market value has surpassed Ford’s by about $3 billion, supplanting Ford even though it delivered fewer than 80,000 vehicles globally last year. AutoPacific's Dave Sullivan says, “It’s mind-boggling that a company that has the global breadth and depth that Ford has is suddenly valued at less than or equal to Tesla...It does not compute.” Analysts believe things may change as Tesla enters a more mainstream EV market with the Model 3 and pushes beyond luxury buyers. Sullivan says “By the end of this decade, there’s going to be some significant choice for consumers looking for an electric vehicle."
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