Tesla Is Worth More Than GM Again After Big Earnings Jump

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BAREARNREP subject|BAREARNREP codetype SUBJECT title Earnings Report code BAREARNREP name Earnings Report ruleid BAREARNREP value BAREARNREP canbedisplaybrand true status modified wordcount 286 wordcount|286 Photograph by Spencer Platt/Getty Images Tesla Stock Is Worth More Than GM Again Tesla Stock Is Worth More Than GM Again Tesla Stock Jumps on Earnings, Worth More Than GM, Ford

Tesla stock has jumped 18% to $300.32 after the company turned a surprise profit. With 179 million shares outstanding, that leaves Tesla with a market cap of nearly $54 billion. GM is worth just over $52 billion.

Tesla Is Worth More Than GM Again After Big Earnings Jump

Tesla stock has jumped 18% to $300.32 after the company turned a surprise profit. With 179 million shares outstanding, that leaves Tesla with a market cap of nearly $54 billion. GM is worth just over $52 billion.

https://www.barrons.com/articles/tesla-stock-soars-as-earnings-blow-through-estimates-51571866012 https://ir.tesla.com/static-files/47313d21-3cac-4f69-9497-d161bce15da4 https://www.barrons.com/articles/ford-cuts-guidance-again-earnings-51571865351 https://www.barrons.com/articles/tesla-stock-falls-after-hours-following-its-third-quarter-deliveries-report-51570048586 https://www.barrons.com/articles/tesla-stock-gains-for-eighth-day-after-market-overreacts-to-deliveries-51571248207 mailto:Ben.Levisohn@barrons.com Tesla Stock Is Worth More Than GM Again By Ben Levisohn Photograph by Spencer Platt/Getty Images Tesla

Tesla’s blockbuster earnings—and the big gain that’s followed—has made the stock in Elon Musk’s company worth more than General Motors again.

Tesla stock (ticker: TSLA) has jumped 18% to $300.32 after the company turned a surprise profit. With 179 million shares outstanding, that leaves Tesla with a market cap of nearly $54 billion. At Wednesday’s closing price of $254.68, Tesla was worth just under $46 billion.

General Motors stock (GM) has dropped 0.4% to $36.45 in after-hours trading—blame Ford Motor (F), which cut its earnings guidance. At that price, GM is worth just over $52 billion. Ford is worth nearly $36 billion after dropping 2.6% to $8.97 in after-hours trading.

It’s quite a turn for Tesla, which just a few weeks ago was getting pounded for missing delivery estimates. A nine-day winning streak and now a surprise profit have turned things around very, very fast.

Dare we say ludicrously fast?

Write to Ben Levisohn at Ben.Levisohn@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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