Tesla overtakes Toyota to become world's most valuable carmaker

By Staff Reporter | Published Jul 3, 2020

Palo Alto, California - Tesla has raced past Toyota to become the world’s most valuable car company. In a sign of the times, the electric car maker’s value rose by almost 4 percent to $209. 5bn (R3. 5tr). That made it more valuable than its much bigger Japanese rival, which is worth $202bn (R3. 4tr), and came as Tesla celebrates the tenth anniversary of its stock market listing in 2010, when its shares went for $17 each.