Tesla is now the world’s most valuable car company, overtaking Toyota after its stock reached a new record high, and a valuation of more than $208 billion. “Tesla’s stock has surged 17% this week alone, on Monday closing above $1,000 per share for the first time ever and on Wednesday hitting a new record high price of $1,135 per share,” said Forbes. However, Toyota still produces a greater volume of vehicles and has a greater enterprise value. (Source: Forbes) Read the original story…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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