WTF how did this happened?

Tesla Is Now The World's Most Valuable Car Company With A $208 Billion Valuation!

Did this all start from a leaked out email sent by Elon Musk to his employees for performance deadline dates?

Tesla's stock jumped to a new record high on Wednesday, giving the electric vehicle maker a valuation of more than $208 billion, which means that it is now the most valuable car company on the planet.

While Tesla now has a higher market cap than Toyota, it still lags the Japanese automaker in several key metrics. Toyota still produces a far greater volume of vehicles than Tesla, for example: In the first quarter of 2020, Tesla said it produced about 103,000 vehicles, while Toyota produced 2.4 million during that same period. Toyota also has a greater enterprise value ($290 billion), which factors in a company's debt, than Tesla does ($252 billion), according to FactSet data.

SURPRISING FACT

With Tesla's stock rising to new record highs-surging over 110% in the second quarter of 2020 alone, so too have the fortunes of its cofounder and CEO, Elon Musk. Since April, Musk has nearly doubled his net worth, which has risen from $24 billion to just over $46 billion.

CHIEF CRITICS

Many analysts on Wall Street still warn that Tesla, now at well over $1,000 per share, could be grossly overvalued. Cowen's Jeffrey Osborne said in a note to clients on Tuesday that the firm "continues to be cautious on Tesla," with an underperform rating on the stock. Morgan Stanley analysts similarly have an underperform rating, warning that too many investors are ignoring the risks of running a car company and instead treating Tesla like a high-growth tech company.