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Counting the cars from Tesla
Thursday 20 Apr 2017 Author: Steven Frazer

Forget General Motors and Ford; Tesla became the largest car manufacturer in the US on 10 April, if you use market value as your yardstick. A share price spike to around $312 gave Elon Musk’s Tesla a market value of $51bn, beating by a front bumper GM’s $50.9bn mark.

But Tesla’s scale remains minuscule in terms of cars rolling off the production line and delivered to buyers, with just 76,230 in 2016. That compares to GM’s rough 10m vehicle deliveries and Ford’s 6.65m. Still a long road ahead, Elon.

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