Tesla Inc (TSLA.O), whose market capitalization passed that of Ford Motor Co (F.N) on Monday, still trailed General Motors Co (GM.N) as the most valuable U.S. auto firm in mid-day trade on Tuesday.
Tesla traded at $301.74 at mid-day and had a market capitalization of $49.1 billion, according to Thomson Reuters data, compared with $51.1 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.
(This story corrects first two paragraphs and headline to show Tesla did not surpass GM as most valuable company, but still trails)
(Reporting by Paul Lienert in Detroit; Editing by Chizu Nomiyama)