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Detroit News Columnist Daniel Howes and Michigan Radio are partners in weekly essays examining what's hot in Michigan business and politics -- and what it all means. This week, Howes says the market value of tiny Tesla Inc. is surpassing Ford Motor Co. and closing in on General Motors Co. because investors believe its story – whatever the actual results in the marketplace. But competition is coming, meaning the winner in the race to electrification is not assured.

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