Tesla's Valuation Could Overtake Ford Any Day Now

  |   World News / Tech News

Tesla, the loss-making electric car company that sold about 84,000 vehicles last year, is now worth about as much as Ford, which sold 6.7 million cars in 2016 and turned a $4.6 billion profit.

Valuations for the two companies converged in recent months, as Ford slid and Tesla surged. By Wednesday afternoon, Tesla was worth $45.2 billion and Ford's was valued at $46.6 billion, according to Bloomberg data. Tesla could overtake Ford any day now, and become America's second most valuable car company. GM, the current number one, is worth about $54 billion.

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