Tesla stock (ticker: TSLA) rose more than 4.1% in Wednesday trading, giving the electric vehicle pioneer a market value of about $208 billion. That eclipses the Toyota Motor (TM) market value of roughly $202 billion. Toyota shares were down nearly 1% in overseas trading.
Tesla’s Fremont, California plant was closed for, very roughly, half the quarter. But the company ended the first quarter with about 14,000 cars in inventory, and its new Shanghai facility made vehicles most of the quarter.