• Tesla overtakes Toyota to become world’s most valuable carmaker

    [ad_1] Tesla has overtaken Toyota to become the world’s most valuable carmaker by market value, in the week that marks the 10-year anniversary of the electric auto pioneer’s stock market entry. The electric carmaker’s shares have climbed fivefold during the past year, from $230 around 12 months ago to $1,100 on Wednesday, taking the company’s market capitalisation to $205bn. Toyota, the world’s second largest single carmaker measured by output with annual production of more than 10m vehicles, was worth around $200bn on Wednesday after its Japan-listed shares fell 1.5 per cent to ¥6,656. Once debt is included, the Japanese group is still worth more, at $284bn compared with Tesla’s $207bn…