Tesla Just Passed BMW in Market Cap

Tesla Inc. stock is the new ultimate driving machine.

Shares of Elon Musk’s electric-car maker climbed 1.4 percent as of 11:10 a.m. Friday, boosting its market capitalization to $61.6 billion, about $280 million more than BMW AG. Tesla now ranks as the fourth-most valuable automaker, behind Toyota Motor Corp., Daimler AG and Volkswagen AG.

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