Tesla has inched ahead of General Motors to become the most valuable car company in America.
The electric-car maker hit a market value of $50.84 billion Monday, edging past GM at $50.79 billion. It’s another milestone for Tesla, which passed Ford, valued at about $45 billion, last week. And Tesla is inching closer to Japan’s Honda, which has a market value of about $54 billion. Toyota, the most valuable car company in the world, is three times as big. Tesla’s northern Nevada Gigafactory is up and running.