https://arstechnica.com/cars/2020/07/stock-surge-makes-tesla-the-worlds-most-valuable-automaker/:
One share of Tesla stock traded for more than $1,130 on Wednesday, pushing the company's market capitalization to nearly $210 billion. That sent Tesla's market cap past Toyota, which is worth either $170 billion or $203 billion, depending on how you count it. Tesla is now the world's most valuable car company.
It's a remarkable milestone for a company that sells far fewer cars than its leading rivals. Toyota and its subsidiaries sold 10.7 million vehicles in 2019, while Volkswagen and its subsidiaries sold almost 11 million vehicles. Tesla sold a comparatively tiny 367,500 vehicles last year.
Tesla has surprised Wall Street again with better-than-expected delivery numbers. The electric carmaker delivered 90,650 vehicles in the second quarter of 2020, up slightly from the 88,400 vehicles delivered in the first quarter. This despite the fact that Tesla's main factory in Fremont, California, was shut down by county officials for the first half of the quarter.
Tesla's stock leapt at the news. After closing at a record high of $1,120 yesterday, Tesla's shares rose above $1,200 in pre-market trading on Thursday morning.
(Score: 5, Touché) by leon_the_cat on Thursday July 02 2020, @11:45PM
From 2019
GM Tesla
Production 7,718,000 vehicles 367,500 vehicles
Revenue 137.237 billion 24.578 billion
Net income 6.732 billion −862 million
Assets 228.037 billion 34.309 billion
:P