Tesla Adds $14 Billion a Day to Its Valuation
- Market cap adds combined value of Detroit Three in five days
- Insitutional investors want piece of the market, analysts say
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Remember when Tesla Inc.’s market value surpassed General Motors Co.? That was just in October, though investors can’t be blamed for thinking it was a lifetime ago.
The electric vehicle maker’s valuation has added the combined value of the Detroit Three -- GM, Ford Motor Co. and Fiat Chrysler -- in just five trading days through Monday. Tesla has grown by an average $14 billion on each of those days.