Tesla Most Valuable Automaker in U.S.A.

Earlier this week, Tesla passed Ford in terms of overall market worth and on Tuesday they also passed GM, making them the king of the auto-building empire in the USA. The thing is they don’t have a lot of cars on the road, they don’t have a lot of different models and the fact is, they have a few major quality issues. How are they worth more than companies that have proven track records? The quick answer is that they are over-valued. Either way, good for them, but I still wouldn’t trust my life to a car that runs on batteries. Not yet.

Tesla’s stock is buoyed in large part by its potential: The company has been readying to launch its Model 3 electric vehicle, with a price tag starting at $35,000 U.S. before tax incentives for green vehicles. Demand is incredibly strong, with around 373,000 pre-orders as of May last year. So far, it seems on target to meet its goal of beginning shipment this year, and even delivering some of the first vehicles by the end of 2017.

Source: TechCrunch