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Tesla Is Now The Highest Valued Automaker of All Time

Tesla reported a 5% increase in their valuation this Wednesday, bringing them to a total valuation of $89 billion. Not only is this an impressive increase in value on its own, but it has also solidified the title of the highest-ever valued automaker.

The previous holder of this title was Ford; they met this achievement in 1999 when they hit an $80.8 billion valuation.

Tesla’s current value of $89 billion is larger than the amount that Ford and GM reported Wednesday combined, $37 billion and $50 billion, respectively.

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