Tesla beats Ford in value

Tesla is accelerating ahead of its competitor Ford, while General Motors is leading the US car race.

Photo: Michael Porbst/AP

US electric car manufacturer Tesla has reached new heights in terms of investor appetite for shares. The group, whose shares rose to yet another record level Monday, is now valued at more than traditional car manufacturer Ford.

This leaves Tesla in second place in the US car hierarchy, behind General Motors but ahead of players Ford and Fiat Chrystler.

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