Elon Musk’s company outstrips Toyota on stock market as demand for electric cars soars
Tesla has overhauled Japanese rival Toyota to become the world’s most valuable automotive company.
Despite never having made a profit, the billionaire Elon Musk’s electric car manufacturer has been tipped by some pundits to achieve a valuation of more than $1tn (£800bn) as demand for electric vehicles soars.
Congrats to @elonmusk for this major accomplishment. There’s still a lot of work but this is a huge feat. pic.twitter.com/3oSuGUP8ho