Ford is now worth more than its century-old rival General Motors, whose market cap stands at about $88.61 billion and EV start-up Rivian Automotive, whose value is about $77.8 billion.But, the automakers are still dwarfed by EV leader Tesla Inc, which has a market cap of over $1 trillion.
NEW YORK: Ford Motor Co's market value breached $100 billion for the first time on Thursday, as more investors bet on the Detroit automaker's electrification strategy.
The company's shares, which have more than doubled in value last year, were up 3.7% in afternoon trade after hitting a more than two-decade high earlier.
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