Here’s the latest Detroit indignity: Tiny Tesla, the electric automaker, is felling giants.
The Silicon Valley startup created in 2003 is worth more in market value than the American industrial icon founded exactly 100 years earlier by Henry Ford, the premier innovator of his time.
Tesla’s not far behind General Motors, either. The promise of game-changing innovation, the hope that someone new can crack the emissions-free code is causing tons of smart money to flow into Chairman Elon Musk’s Tesla.
Nearly $49 billion-worth, to be precise.