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.