Tesla tops Toyota to become largest automaker by market value


GP: A Tesla Model 3 automobile is on display during the first press day of the Paris Motor Show at the Parc des Expositions at the Porte de Versailles on October 2, 2018 in Paris. The Paris Motor Show will present the latest models from the world’s leading car manufacturers at the Paris Expo Exhibition Center from October 4 to 14, 2018.

Chesnot | Getty Images News | Getty Images

Tesla became the world’s most valuable automaker on Wednesday, when the electric vehicle company’s market capitalization surpassed Toyota’s for the first time.

Shares of Tesla gained 5% to hit a new all-time high of $1,135, giving the company a valuation of roughly $206.5 billion, compared with Toyota’s valuation of…


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