Tesla passes General Motors to become the most valuable US automaker
LOL
General Motors sold about 10 million cars in 2016 compared with
Tesla's roughly 76,000.
Tesla has only had two profitable quarters in its history as a public company, while GM earned a profit of more than $9 billion last year.
Tesla shares rose more than 3 percent to reach a fresh all-time high of $313.73 in midafternoon trading Monday, after receiving the highest price forecast ever issued for the stock by an analyst at a major firm.
On Monday, PiperJaffray analyst Alexander Potter published a note upgrading his rating on the stock from neutral to overweight and raising his price target from $223 to $368.
Just waiting for that bubble to burst...