Shares rally: A file picture showing new Tesla cars in a storage area at The Western Docks in Southampton. Tesla climbed another 9% on Wednesday to close above US$1,000 for the first time. — AFP
SAN FRANCISCO: The surge in Tesla Inc’s shares so far this month moved Elon Musk’s company even closer to displacing Toyota Motor Corp as the world’s most valuable carmaker.
With a market capitalisation of more than US$190bil, Tesla still has some distance to close to reach Toyota’s US$212bil valuation, which includes treasury shares, according to data compiled by Bloomberg.
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