MAGNIS READY FOR TAKE OFF., page-35

Tesla just overtook GM as America's most valued car maker by market cap...... KoH does that mean we are to soon overtake SYR as the industry's most valued graphite play I think what @uglykiwi 's cup of tea would say

Seems the markets are clearly pointing to the direction the car industry is heading! @anf0 I'm baffled!!
Tesla Passes GM as Musk's Carmaker Becomes America's Top-Valued

by
David Welch
April 10, 2017, 11:37 PM GMT+10

• Musk eclipses company once famously tied to U.S.’s fortunes
• Tesla ‘engenders optimism, freedom,’ analyst says in upgrade

Elon Musk’s Tesla Inc. surpassed General Motors Co. to become America’s most valuable carmaker, eclipsing a company whose well-being was once viewed as interdependent with the nation’s.

Tesla climbed as much as 3.4 percent in early Monday trading, boosting its market capitalization to about $51 billion. The company was valued at about $1.7 billion more than GM as of 9:35 a.m. in New York.


The turnabout shows the extent to which investors have bought into Musk’s vision that electric vehicles will eventually rule the road. While GM has beat Tesla to market with a plug-in Chevrolet Bolt with a price and range similar to what Musk has promised for his Model 3 sedan coming later this year, the more than century-old company has failed to match the enthusiasm drummed up by its much smaller and rarely profitable U.S. peer.

“Tesla engenders optimism, freedom, defiance, and a host of other emotions that, in our view, other companies cannot replicate,” said Alexander Potter, an analyst at Piper Jaffray Cos., who upgraded the stock Monday after owning a Tesla for seven months and meeting with management. “As they scramble to catch up, we think Tesla’s competitors only make themselves appear more desperate.” ........ https://www.bloomberg.com/news/arti...-musk-s-carmaker-becomes-america-s-top-valued