Last week, Tesla Inc. CEO Elon Musk liked a tweet that read, "Tesla is now officially the most valuable automaker of all the world!! Congrats!!”
The tweet showed a screenshot of a well-shared Google sheet created by Reddit user u/brandude87, listing the world’s top 25 automakers by market value. The sheet showed Tesla above Toyota Motor Corp. for the first time, with a market value of $183.7 billion versus Toyota’s $178.78 billion.
There’s just one problem: Many investors, including those using financial data terminals such as Bloomberg’s, were seeing something very different: that Tesla still had to gain more than $25 billion dollars in market value to surpass Toyota.