April 03, 2017 at 06:24PM
Tesla is now bigger than Ford.
Tesla's stock price is up almost 5% on Monday at $292 a share after the company reported blow-out delivery numbers for the first quarter.
Monday's gain has the electric car marker's market cap up to $47.77 billion, overtaking Ford's ($44.70 billion) for the first time.
Tesla said deliveries skyrocketed 69% year-over-year in the first quarter to a record 25,000 vehicles.
Deliveries were split pretty evenly between the Model S and newer Model X SUV. Tesla said it expects to deliver between 47,000 and 50,000 vehicles in the first half of 2017.
The move comes on the same day that Ford and GM stock are down on weak March sales numbers.
Click here for a real-time Tesla chart.
Join the conversation about this story »
NOW WATCH: 7 mega-billionaires who made a fortune last year
No comments:
Post a Comment