“The rocketing stock price of electric sports car maker Tesla made it more valuable than Fiat Tuesday — even though the Italian auto giant produces 200 times more cars than the American upstart. After a more than 50 percent gain in the past week, Tesla’s market value topped $10 billion, compared to the Turin giant’s $8 billion, as investors reacted to the company turning a profit in the first quarter and analysts boosting their forecasts. The shares were up 55 percent in one week and 150 percent since the beginning of the year, after struggling through 2012 on production delays and questions about whether it could turn a profit.”

http://www.rawstory.com/rs/2013/05/14/tesla-motors-now-more-valuable-than-italian-auto-giant-fiat/

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