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General Motors Runs Over Tesla and Is Once More the Most Valuable U.S. Automaker

General Motors Co. (GM) is once again the most valuable U.S. car company, overtaking Tesla Inc. (TSLA) which has experienced a sharp downturn this week following weak production estimates and an unfavorable crash test rating from the Institute for Highway Safety.

Tesla shares were down nearly 6% Thursday afternoon, lowering the company's value to $50.6 billion while GM is valued above $52 billion.

Tesla's week had a rough start after CEO Elon Musk tweeted that the electric car maker anticipates producing 20,000 vehicles a month beginning in December, below market guidance. News that Volvo (VLVLY) would begin producing only electric and hybrid vehicles by 2019 also put pressure on the stock price.

GM shares fell 0.4% to $34.88 by Thursday's close.

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