Tesla overtakes Toyota to become world’s most valuable car maker

Tesla overtakes Toyota to become world’s most valuable car maker

Image copyright Getty Images Image caption Elon Musk at the launch of Tesla’s Cybertruck last year

Tesla has become the world’s most valuable carmaker, overtaking Japan’s Toyota, after its stock hit a record high.

Shares in the electric carmaker hit a record $1,134 on Wednesday morning, before falling back, leaving it with a market value of $209.47bn (£165bn).

That is roughly $4bn more than…

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