Tesla now worth double Toyota as analysts factor in huge EV battery play

Tesla stock is going through the roof, hitting its highest point ever and putting its market value almost twice that of Toyota, the next largest auto maker on the planet by market capitalisation.

It comes less than a week after Tesla CEO and co-founder Elon Musk announced that Tesla would implement a five-to-one split of its stock at the end of August, in a bid to appeal to a broader base of investors

Tesla now worth double Toyota as analysts factor in huge EV battery play