Elon Musk-led Tesla's market value surpasses Ford's
The valuation of Elon Musk Co-founded electric vehicle maker Tesla on Monday reached $48.2 billion, surpassing Ford's market valuation of $45.1 billion. Founded in 2003, Tesla's shares hit an all-time high on reporting its worldwide car shipments, which exceeded analysts' estimates. Meanwhile, shares of Ford, founded in 1903, fell as its shipments missed projections.