Tesla Is Dethroned As The Largest US Automaker

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Tesla shares have been on roll this yr, rising more than 40{7e402eb9dd02607d0a9d1fa2526c8002b690942bcb3d9c6d04a3312138558802}, a run that final week had Chief Executive Elon Musk’s automotive firm surpass Ford Motor Co. because the second-largest automobile company. The exuberance comes at the same time as Mr. Musk faces enormous challenges in engaging in all that he is claiming to do, including making 500,000 autos next 12 months after constructing just eighty four,000 last yr and creating software program that would allow a automobile to drive itself. Admittedly, the numbers will not be exactly like-for-like: Renault and Nissan have separate sets of shareholders, regardless that they own big cross-shareholdings and share each other’s technology and marketing assets. …

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