https://www.siliconvalley.com/2020/07/02/tesla-overtakes-toyota-as-the-worlds-most-valuable-automaker/

Tesla displaced Toyota Motor Corp. as the world’s most valuable automaker, underscoring investor enthusiasm for a company trying to transform an industry that’s relied on internal combustion engines for more than 130 years.

Shares of Tesla, which have more than doubled since the start of the year, closed up 3.6% in trading Wednesday, giving it a market capitalization of $207.2 billion, surpassing Toyota’s $201.9 billion.