Tesla becomes 2nd most valuable car company; beats VW

According to a media report, Tesla has overtaken Volkswagen to become the second most valuable carmaker in the world.

Tesla's share value increased and the company is now worth US $102.66 billion. In comparison, Volkswagen is valued at US $89.68 billion while Toyota is valued at US $230.95 billion.

Tesla is reported to have sold more than 367,500 cars in 2019, 50% more than its 2018 sales. Volkswagen sold almost 11 million vehicles last year, while Toyota sold more than 9 million in the first 11 months of 2019.

Tesla has also opened a new factory in China.

Source