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Electric cars in China

Tesla basks in Shanghai Gigafactory success but will rally last?

Electric vehicle maker hits $100bn market cap ahead of Q4 earnings announcement

PALO ALTO, U.S./SHANGHAI -- Just over a week after becoming the first U.S. automaker to hit the $100 billion valuation mark, Tesla will report its fourth-quarter results on Wednesday as investors watch eagerly for signs that the electric vehicle maker can keep its hot streak going.

Tesla's share prices has doubled over the past three months, giving it a market cap greater than Ford and General Motors combined. Analysts contribute much of that performance to one factor: the Shanghai Giga factory, which began vehicle deliveries earlier this month.

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