Tesla becomes first American automaker worth $100 billion

Tesla’s market capitalization on Wednesday surpassed the $100 billion mark for the first time — an unprecedented achievement for a US automaker that positions CEO Elon Musk for a major payday. Shares of the electric-car maker were up 5.9 percent Wednesday morning, at $579.54, giving the electric automaker a valuation of $104.5 billion.

Source: Tesla becomes first American automaker worth $100 billion

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