Tesla's revenge jolts Detroit Three
Jan 25, 2020•4 min
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Episode description
Howes says the Silicon Valley automaker, Tesla Inc., is getting its revenge. In one day last week, the company got approval to sell its electric vehicles directly to consumers in Michigan, epicenter of the automotive establishment. And this week, the market value of Tesla topped $100 billion dollars … making it more valuable than General Motors Co. and Ford Motor Co. -- combined. This new reality should scare Detroit.
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