Tesla could soon become the world’s most valuable car maker

Tesla wants to build a factory in Berlin to produce vehicles for Europe. Photo: Tesla

Tesla could soon become the world’s most valuable car maker if shares continue to rally with the electric car brand now valued at US$190 billion (NZ$195b), second only to Toyota at US$210 billion.  

Shares at Tesla closed at $1005.33 in early trading this week while a rally of another 11 per cent would see Tesla eclipse Toyota. 

The hype on the share price appears linked to the listing of Nikola Corporation, an electric and hydrogen fuel cell truck maker. 

Elon Musk wants to get the Tesla semi truck on to the market and has said to go “all out”.

Tesla is also extremely well placed in China for massive distribution of its motor cars, expecting to reach 100,000 cars in its first year of production in Shanghai.