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12 06 2017 02

Over the past few months, Tesla’s valuation surged past Ford and GM but following another surge over the past 2 weeks, Tesla’s market capitalization is now worth more than BMW’s.

It is now the 4th most valuable car company in the world.

The feat is hard to understand when just looking at the deliveries of both companies. BMW delivered over 2 million cars last year while Tesla delivered fewer than 80,000 vehicles during the same period.

Yet, as of today, investors value the German automaker at $61.2 billion and Tesla at just over $61.6 billion (at least briefly intraday today with a new all-time high of $376).

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