It’s all about speed — and market value. Tesla’s stock soared yesterday, pushing the company’s value to $48.7 billion, while Ford, established a century earlier, stalled at $45.6 billion.
Other electric cars saw downturns as gas prices plunged, but Tesla defied the odds and managed to stay robust, reinforcing the idea that the internal combustion engine won’t always be the auto industry norm. Though both General Motors and Ford have maintained steady growth since the financial crisis, analysts say Tesla’s futuristic image may attract more forward-thinking investors.
