Tesla is bigger than Ford
Apr 3, 2017, 21:11 IST
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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 market cap of $44.70 billion.
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.
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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.