Tesla now valued twice of Ford

The electric car maker Tesla stock : TSLA ended first week of 2020 at a record high.The electric car maker delivered more vehicles than investors expected in the last quarter of 2019, sending its stock price to a new record of $443 per share.Tesla’s market capitalization is now about $80 billion, more than double that of Ford’s, at $37 billion.

• What's the story ?

Tesla Inc. is back on top -- this time, it seems, with some real staying power.The Model 3 maker delivered a record 112,000 vehicles in the fourth quarter and has begun production at a new factory near Shanghai. With the stock soaring to close Friday at an all-time high, Tesla’s market capitalization finished the week just short of $80 billion. And the Model Y, its next crossover SUV, is slated to launch this summer.

Tesla’s market cap first exceeded Ford’s in April 2017. The two companies started out 2018 at about the same place, with Ford valued at $52 billion and Tesla at $54 billion. Tesla has mostly been in the lead since. Ford’s market cap last eclipsed Tesla’s in April 2019, after the venerable automaker turned out a good first quarter.The gains in Tesla’s shares have elevated its market capitalization to $80 billion, compared to GM’ market value of $52 billion and Ford’s market capitalization of $37 billion.

• What's Next ?

Investors have reasons to be optimistic. Tesla delivers far more electric cars than any other brand. Its Model 3 is the most popular electric car in the world, selling three times the number of the second most popular model.With Tesla getting all of the limelight, Indian Automobile companies are still struggling to get into the EV segment.

Let us know if you want your first car to be a Tesla ?