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Tesla challenges BMW; overtakes it briefly in market capitalisation

Rally in Tesla shares spurred by CEO's confidence in selling electric vehicles, but stokes controversy

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The price of Tesla's Model 3 will start at about US$35,000 and may typically sell at prices similar to BMW's 3 Series sedan. But while BMW made US$7.7 billion in 2016, Tesla lost about US$725 million.

New York

BMW AG makes ultimate driving machines, but Tesla Inc's stock is the one that's motoring.

A rally in Tesla shares spurred by chief executive officer Elon Musk's confidence in selling electric vehicles at scale briefly vaulted the company's market capitalisation past the

sentifi.com

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