By Market Capitalization, Tesla Beats Out Ford As Second Place Automaker
Should Michigan’s automakers be looking in their collective rear view mirrors at upstart Tesla? Maybe. California-based Tesla, thanks to a stock run up today of nearly 7 percent, surpassed Ford in market cap according to MarketWatch. Per MarketWatch: The surge came after Tesla on Sunday reported preliminary first-quarter deliveries that came in on the higher end of analysts’ expectations, which the market took as a sign the company is on track to launch the Model 3, the company’s mass-mark...