Tesla passes Ford by market cap before Musk delivers Model 3
By SF Gate,April 03, 2017
The electric-carmaker climbed as much as 5.7 percent a day after beating analysts' estimates by reporting shipments of 25,000 cars and SUVs in the first quarter. Its market value is now at about $47.6 billion, $2.7 billion more than Ford. Tesla has supplanted Ford even though it delivered fewer than 80,000 vehicles globally last year, compared with 6.7 million from Ford, the second-biggest automaker in the country behind General Motors Co..