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July 7, 2017

Tesla no longer most valuable U.S. carmaker

By The Associated Press

After three months as the nation's most valuable automaker, a bad week in an otherwise stellar year has knocked Tesla from the top perch.

Over the first six months of the year, Tesla shares gained more than 50 percent and the electric car company passed General Motors and Ford in market cap. But shares have plunged almost 15 percent this week, translating to lost market value of $8.7 billion.


 
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