Tesla becomes world's most valuable carmaker after share price surge

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Tesla has become the world’s most valuable carmaker after a surge in its share price over the last year. It surpassed Toyota in market capitalisation during trading on Wall Street on Wednesday. The electric carmaker’s sales are still just a fraction of the larger players in the industry, but it has seen significant growth in the past year. The Interantional Energy Organisation expects electric car sales to suffer less of a slump than traditional vehicles this year.

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