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Tesla zooms past combined market value of GM, Ford

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Tesla Inc.'s stock market value climbed past the combined values of General Motors Co. and Ford Motor Co.

Tesla's stock jumped nearly 5% Wednesday, bringing its market capitalization to nearly $89 billion.

That's $2 billion higher than the sum of General Motors’ and Ford’s respective market caps of $50 billion and $37 billion.

Read more from Reuters.

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