And just like that, Tesla Motors (TSLA) sports a $20 billion market value.
That’s a mind-boggling milestone for a 10-year-old car maker currently targeting delivery of just 21,000 luxury sedans this year. While Tesla has 1 percent of Ford’s(F) U.S. monthly sales, the electric car company already has nearly a third of Ford’s $64 billion market capitalization. Investors value Tesla at roughly 41 percent ofGM’s (GM) $48 billion market value. Indeed, Tesla is now worth more than Suzuki Motor (7269:JP), Mazda Motor (7261:JP), and Fiat (F:IM), the majority owner of Chrysler Group, according to data compiled by Bloomberg.
