Tesla Will Top Toyota as World’s Largest Automaker, But It Won’t Last Long

Tesla Will Top Toyota as World’s Largest Automaker, But It Won’t Last Long


Tesla’s valuation is now within 5% of Toyota Motors, the gargantuan player in the space. The electric-car company will likely de-throne Toyota soon. However, one indicator suggests Tesla may take a breather first.

Markets have a love-hate relationship with Tesla Motors (NASDAQ:TSLA). The electric car maker is either a market darling or out of favor.

In the past 12 months, it’s mostly been beloved by the market, with shares up over 380%.

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Year-to-date, Tesla shares have beaten the pants off of the diversified S&P 500 Index, putting its market cap closer to industry leader Toyota. | Source: Yahoo Finance

Year-to-date, shares are still up an impressive 158%, and the S&P is down over 5%. If only Tesla had been added to the Dow or S&P 500 Index!

Now, the company’s share price is marking another milestone. The company’s total market cap is now closing in on that of automaking giant Toyota (NYSE:TM).

Another 5% rally in Tesla

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