For the first time in history Tesla Inc. (TSLA) stock prices broke through the $300 level. Experts believe that in the coming days Tesla can become the most expensive automobile manufacturer in the United States, overtaking the current leader General Motors.
On Monday, 3 April 2017, the company has taken the second place from Ford Motor Co. Weak sales performance in March set traditional car manufacturers behind, while Tesla showed record high results in 1Q17.
In the three-month period from January to March Tesla increased electric car sales by impressive 69%. However, the company is still waiting to turn in a profit. Since the beginning of 2017 Tesla’s market capitalization rose by 42.1%. In the past one year Tesla produced 76 000 vehicles.
