Tesla is now the second most valuable car company in the US

Though it may seem there isn’t much hopeful news recently when it comes to the environment, there are some promising signs at Tesla Motors. Elon Musk’s electric car company has surged in sales so far this year, delivering a staggering 25,000 vehicles to customers. That puts the company ahead of ahead of Ford as the second most valuable car manufacturer in the US—a clear indication that American consumers care about climate change and cutting air pollution.

Part of that’s due to Tesla’s explosive growth as it enters its 14th year, but part of it’s also because Ford’s seen its sales slump by 7% compared to last year. Tesla’s lead is narrow: while it’s currently valued at $47 billion, Ford has dropped to $45 billion. That being said, Ford is still the larger and more established company, and Tesla is still taking losses as it continues to establish itself in the market. While Tesla saw about $7 billion in annual revenue in 2016, Ford blew it out of the water with $152 billion. Overall, Tesla also posted a loss of $773 million last year.

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