Tesla Inc (TSLA.O) on Tuesday morning surpassed General Motors Co (GM.N) as the most valuable U.S. auto firm.
In late morning trade, Tesla had a market capitalization of $52.7 billion (42 billion pounds) compared with $49.6 billion for GM.
Tesla on Monday said it delivered a record 25,000 electric vehicles in the first quarter. It plans to begin production this summer of the mass-market Model 3 sedan.
(Reporting by Paul Lienert in Detroit; Editing by Chizu Nomiyama)
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