Shares of Tesla Inc. (TSLA) surged more than 7% on Tuesday, pushing the Silicon Valley car maker's valuation above $200 billion, ahead of second-quarter sales numbers expected this week. A close around current levels would be another record for the stock, which ended at an all-time high of $1,025.05 on June 10 ( ). Tesla's market cap hovers at $201 billion, closing in on Japan's Toyota Motor Corp. (7203.TO) as the world's highest valued car maker. Toyota's market cap is at $214 billion. Tesla is slated to report second-quarter deliveries, its proxy for sales, in the coming days, ( ) with analysts polled by FactSet expecting sales of 72,000 vehicles, of which 61,000 would be Model 3s. Tesla shares have gained 159% this year, contrasting with losses around 5% and 11% for the S&P 500 index and the Dow Jones Industrial Average .
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 30, 2020 12:33 ET (16:33 GMT)
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