Tesla’s overtook Toyota as the world’s most valuable carmaker recently as a sign that investors are believing more and more in an energy transition away from fossil fuels. On the day that Tesla exceeded Toyota in market value, Tesla shares rose 3.5% in intraday trading, giving it a market capitalization of US207.2billion (Toyota’s were USD201.9billion). Tesla made 103,000 vehicles in the last quarter, only about 4% of the 2.4 million made by Toyota. So, by 2025, we should be able to see electric vehicle account for 10% of all global passenger vehicles.
Vocabulary and Sample Sentences
Surpass v. – exceed
Doubled v. - two times
High-profile adj. – well known