And just like that,ย Tesla Motorsย (TSLA)ย sportsย a $20 billion market value.
Thatโs 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 ofย Fordโs(F)ย U.S. monthly sales, the electric car company already has nearly a third of Fordโs $64 billion market capitalization. Investors value Tesla at roughly 41 percent ofGMโsย (GM)ย $48 billion market value. Indeed, Tesla is now worth more thanย Suzuki Motorย (7269:JP),ย Mazda Motorย (7261:JP), andย Fiatย (F:IM), the majority owner of Chrysler Group, according to data compiled by Bloomberg.