[7] Bmw Market Cap At Monthly Highlight

Tesla stock has hit a string of records in the past two months, and was slated to hit another closing all-time high on Friday. It reached a closing record of $370 on Thursday, and traded as high as $376.87 on Friday.

The meteoric stock rise pushed Tesla’s market cap to surpass Ford’s F, +2.51%  and GM’s GM, +2.56%  in April. Tesla sold nearly 84,000 cars in 2016, up 64% from the previous year. The company has set a goal to be able to make cars at an annual rate of 500,000 a year by the end of 2018.

The top auto makers by vehicles produced are Volkswagen AG CH:VW  and Toyota Motor Corp. 7203, +1.02%, each of which make about 10 million of the 90 million vehicles produced world-wide, according to the International Organization of Motor Vehicles Manufacturers.

Tesla shares are up more than 73% so far this year. That compares with gains of approximately 9% for the S&P 500 SPX, +1.49%. The stock has gained more than 62% over the past 12 months, more than four times the gains for the benchmark.

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