Tesla Inc. TSLA, +6.98% shares ended at a record $1,079.81 on Tuesday, sending the Silicon Valley car maker’s market cap above $200 billion for the first time. That valuation puts Tesla at a stone’s throw from Japan’s Toyota Motor Corp.
TM, -0.99% as the world’s highest-valued car maker. 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 SPX, +1.54% and the Dow Jones Industrial Average DJIA, +0.84%