Tesla Inc. became the most valuable car company in the world on Wednesday, a day before the electric car maker posted better-than-expected sales numbers. It was enough to make Tesla the most valuable car company in the world, with the total value of all its shares on the Nasdaq, a figure known as market capitalization, adding up to $207 billion. That's more than any other car company and more than Toyota's $203 billion, which was the previous highest value. That's almost 25 times the 367,500 cars Tesla said it cranked out in 2019. Chaim Siegel of Elazar Advisors expects the company's stock price to rise to $1,545 US in the next year.

Source: CBC News July 02, 2020 13:32 UTC