118-year-old Ford's market cap tops $100 billion for the 1st time ever

Ford Motor's market capitalisation soared to $100 billion for the first time ever on Thursday as its stock hit a 20-year high after it announced plans to increase EV production. This made the 118-year-old automaker more valuable than General Motors ($90 billion) and Rivian Automotive ($72 billion). However, it still lags behind Tesla's $1 trillion market capitalisation.