Ford surpasses Tesla as the most valuable US automaker
Apr 26, 2019
Ford has surpassed Tesla's market cap for the first time since April 2017 to become the most valued American automaker. Ford is now worth $41 billion, about $1 billion above Tesla, the iconic automaker rallied 10% after reporting quarterly earnings that satisfied expectations, while Tesla stock sank after the company disappointed investors with its quarterly results. Back in 2017, Tesla grabbed headlines after it became the most valued automaker, but concerns about the slowing demand of electric cars and the $1.5 decline in free cash flow made the company fall more than 6% in the market.