Tesla (TSLA) has become the world’s most valuable automaker – surpassing Toyota – as its stock pushes to a new high at $1,000 a share.
As its stock price rose, the California-based automaker has been rapidly climbing the ranks of the most valuable automakers in the last few years.
It’s hard to directly compare Tesla to other automakers because the company is more than an automaker due to its growing energy division and its tech-like approach to the automotive business.
But most of its revenue currently comes from selling cars, which mostly makes the company an “automaker” on a market capitalization standpoint.
In 2018, Tesla had a surge in stock price that made it more valuable than several major automakers, but it was short-lived after a difficult year on the stock market for the electric automaker.
Now Tesla’s stock (TSLA) has been on another run since late last year and today, the stock hit another high of over $1,000 per share.
It raised Tesla’s market valuation to over $180 billion – surpassing Toyota to become wold’s most valuable automaker.
